Jefferies analyst Brad Handler reiterated a Buy rating on Apergy Corporation (APY) on December 13 and set a price target of $40. The company’s shares closed on Friday at $31.34, close to its 52-week low of $30.12.
According to TipRanks.com, Handler is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.9% and a 32.4% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Mammoth Energy Services, and C&J Energy Services Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apergy Corporation with a $43.25 average price target, which is a 38.0% upside from current levels. In a report issued on December 3, Merrill Lynch also initiated coverage with a Buy rating on the stock with a $40 price target.
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The company has a one-year high of $46.11 and a one-year low of $30.12. Currently, Apergy Corporation has an average volume of 543.4K.
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Apergy Corp. provides technologies that help companies drill for and produce oil and gas. Its products include artificial lift equipment and solutions, rod pumping systems, electric submersible pump systems, gas lift systems, hydraulic lift and pump services, progressive cavity pumps and drive systems and plunger lift systems, and polycrystalline diamond cutters for drilling. The firm operates through two segments: Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment manufacture, market and service a full range of artificial lift equipment, end-to-end automation solutions, and other production equipment. The Drilling Technologies segment design, manufacture and market PDCs for use in oil and gas drill bits under the U.S. Synthetic brand. The company was founded on October 10, 2017 and is headquartered in The Woodlands, TX.
