Mizuho Securities Remains a Hold on IDEX (IEX)
Mizuho Securities analyst Brett Linzey maintained a Hold rating on IDEX yesterday and set a price target of $210.00. The company’s shares closed yesterday at $217.85.
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Linzey covers the Industrials sector, focusing on stocks such as Xylem, Rockwell Automation, and Ametek. According to TipRanks, Linzey has an average return of 16.2% and a 72.78% success rate on recommended stocks.
Currently, the analyst consensus on IDEX is a Moderate Buy with an average price target of $238.91, representing a 9.67% upside. In a report released on April 29, BMO Capital also maintained a Hold rating on the stock with a $230.00 price target.
Based on IDEX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $886.9 million and a net profit of $120 million. In comparison, last year the company earned a revenue of $814.3 million and had a net profit of $95.5 million
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