Wolfe Research initiated coverage on shares of Apergy (NYSE:APY) in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage issued an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. Zacks Investment Research cut shares of Apergy from a buy rating to a hold rating in a research note on Tuesday, September 18th. Cowen boosted their target price on shares of Apergy from $37.00 to $39.00 and gave the stock a market perform rating in a research note on Tuesday, August 7th. Jefferies Financial Group initiated coverage on shares of Apergy in a research note on Tuesday, July 17th. They set a buy rating and a $50.00 target price for the company. Finally, Citigroup boosted their target price on shares of Apergy from $46.00 to $52.00 and gave the stock a buy rating in a research note on Wednesday, July 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $46.50.
APY stock opened at $42.45 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.31 and a quick ratio of 1.36. Apergy has a 52 week low of $33.35 and a 52 week high of $46.11.
Apergy (NYSE:APY) last released its earnings results on Thursday, July 26th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $305.93 million for the quarter, compared to analyst estimates of $296.70 million. As a group, analysts forecast that Apergy will post 1.42 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Butensky & Cohen Financial Security Inc. purchased a new stake in Apergy during the 3rd quarter valued at about $380,000. Fruth Investment Management purchased a new stake in Apergy during the 3rd quarter valued at about $222,000. Endurance Wealth Management Inc. purchased a new stake in Apergy during the 3rd quarter valued at about $119,000. Fulton Bank N.A. purchased a new stake in Apergy during the 3rd quarter valued at about $201,000. Finally, United Services Automobile Association purchased a new stake in Apergy during the 2nd quarter valued at about $519,000. 93.11% of the stock is owned by institutional investors.
Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
Read More: The Discount Rate – What You Need to Know
Receive News & Ratings for Apergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apergy and related companies with MarketBeat.com's FREE daily email newsletter.