SPX Co. (NYSE:SPXC) shares hit a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $33.97 and last traded at $33.61, with a volume of 1892 shares traded. The stock had previously closed at $33.70.
SPXC has been the subject of several research reports. UBS initiated coverage on SPX in a research report on Tuesday, January 23rd. They issued a “buy” rating and a $41.00 target price for the company. ValuEngine raised SPX from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Susquehanna Bancshares set a $32.00 price target on SPX and gave the stock a “hold” rating in a research note on Friday, February 16th. TheStreet upgraded SPX from a “c” rating to a “b-” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded SPX from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. SPX currently has a consensus rating of “Buy” and an average price target of $36.33.
The company has a quick ratio of 1.14, a current ratio of 1.40 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 18.89 and a beta of 1.56.
SPX (NYSE:SPXC) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $351.90 million for the quarter, compared to the consensus estimate of $332.60 million. SPX had a return on equity of 29.40% and a net margin of 5.87%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. analysts forecast that SPX Co. will post 2.18 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the stock. Elkfork Partners LLC purchased a new stake in shares of SPX in the 4th quarter worth approximately $159,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of SPX in the 1st quarter worth approximately $214,000. IFC Holdings Incorporated FL purchased a new stake in SPX during the 4th quarter valued at $207,000. Globeflex Capital L P purchased a new stake in SPX during the 4th quarter valued at $222,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in SPX during the 4th quarter valued at $239,000. Institutional investors own 87.65% of the company’s stock.
SPX Corporation supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions.
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