Oppenheimer Reaffirms Their Hold Rating on Idex Corp


Oppenheimer analyst Jim Giannakouros maintained a Hold rating on Idex Corp (NYSE: IEX) today. The company’s shares opened today at $137.02.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 4.8% and a 50.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Currently, the analyst consensus on Idex Corp is Hold and the average price target is $138.60, representing a 1.2% upside.

In a report issued on May 1, BMO Capital also maintained a Hold rating on the stock with a $144 price target.

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Based on Idex Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $98.96 million. In comparison, last year the company had a net profit of $75.9 million.

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IDEX Corp. engages in the manufacture of industrial pumps and other engineering equipment. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies; and Fire and Safety/Diversified Products.

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