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Analysts Have Conflicting Sentiments on These Industrial Goods Companies: IDEX (IEX), Fastenal Company (FAST) and XPO (XPO)

Tipranks - Tipranks - Fri Jun 5, 9:32AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on IDEX (IEX), Fastenal Company (FAST) and XPO (XPO).

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IDEX (IEX)

Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on IDEX today and set a price target of $250.00. The company’s shares closed last Thursday at $218.25.

According to TipRanks.com, Jones is a 5-star analyst with an average return of 19.5% and a 70.0% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Lincoln Electric Holdings, and Watts Water Technologies. ;'>

Currently, the analyst consensus on IDEX is a Moderate Buy with an average price target of $241.45, representing an 11.0% upside. In a report issued on June 2, Oppenheimer also reiterated a Buy rating on the stock with a $250.00 price target.

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Fastenal Company (FAST)

William Blair analyst Ryan Merkel maintained a Buy rating on Fastenal Company today. The company’s shares closed last Thursday at $47.33.

According to TipRanks.com, Merkel is a 4-star analyst with an average return of 5.6% and a 52.5% success rate. Merkel covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Proficient Auto Logistics, Inc., and Global Industrial Company. ;'>

Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $49.20, implying a 3.6% upside from current levels. In a report released today, Jefferies also maintained a Buy rating on the stock with a $52.00 price target.

XPO (XPO)

Evercore ISI analyst Jonathan Chappell maintained a Hold rating on XPO today and set a price target of $222.00. The company’s shares closed last Thursday at $215.65.

According to TipRanks.com, Chappell is a 5-star analyst with an average return of 20.4% and a 68.0% success rate. Chappell covers the Industrial Goods sector, focusing on stocks such as Capital Clean Energy Carriers, FedEx Freight Holding Company, and Canadian Pacific Kansas City. ;'>

XPO has an analyst consensus of Moderate Buy, with a price target consensus of $226.41, representing a 2.3% upside. In a report issued on May 20, TipRanks – Google also downgraded the stock to Hold with a $220.00 price target.

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