Idex Corporation (IEX) had a dynamic quarter with some ups and downs. Despite expected earnings decline, the company managed to surpass
Q4 estimates, causing an associated 7.3% increase in stock value. Irrespective, drops were seen due to
Q1 guidance and Q4 revenue, potentially related to
tariff concerns. In the long-term perspective, IEX is focused on value generation and some suggest it might be 41% below its intrinsic value. On the corporate level, IEX introduced new board members while others retired, expanding their business through numerous acquisitions such as Mott Corporation,
STC Material Solutions and
Iridian Spectral Technologies. Despite these achievements, some headwinds persist for IEX, and there is speculation as to whether it is underperforming the industrial sector. Citigroup and Mizuho adjusted the price target for IDEX to $201 and $175 respectively, while Stifel Nicolaus lowered it to $192. The consensus price target by brokerages is $241.71.
Idex Corporation IEX News Analytics from Thu, 28 Jun 2018 07:00:00 GMT to Thu, 24 Apr 2025 14:01:00 GMT -
Rating -3
- Innovation 4
- Information 7
- Rumor -7
