Standex International Corp Receives a Buy from B.Riley FBR


In a report released today, Liam Burke from B.Riley FBR reiterated a Buy rating on Standex International Corp (NYSE: SXI), with a price target of $125. The company’s shares closed on Friday at $99.55.

Burke said:

“Standex management hosted an Analyst Day at its Engineering Technologies Group site in New Berlin, Wisconsin. The engineering segment has reduced its reliance on the energy sector and grown its presence in aviation and space. Energy/oil and gas-related revenue has declined about 80% from its peak due to slower than expected ramp of new platforms, and pricing reduction on existing aerospace agreements but the benefits of repositioning are in sight. The segment has returned to positive organic revenue growth, and the company expects to move past the depressed margins created by up-front investments to support new programs. With the rollout of new programs, the company should begin to see operating margins improve by the second half of calendar 2018.”

According to TipRanks.com, Burke is a 3-star analyst with an average return of 1.8% and a 52.0% success rate. Burke covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, Westinghouse Air, and Nordson Corp.

Standex International Corp has an analyst consensus of Moderate Buy.

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Standex International Corp’s market cap is currently $1.27B and has a P/E ratio of 33.29. The company has a Price to Book ratio of 2.83.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

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Standex International Corp. operates as a manufacturer of a variety of products and services for diverse commercial and industrial markets. It operates through the following segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics, and Hydraulics.

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