In a report released today, Nathan Jones from Stifel Nicolaus maintained a Hold rating on Idex Corp (IEX), with a price target of $153. The company’s shares closed yesterday at $156.21, close to its 52-week high of $159.10.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 4.6% and a 56.0% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Illinois Tool Works, and Sun Hydraulics Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Idex Corp with a $149.50 average price target.
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The company has a one-year high of $159.10 and a one-year low of $117.72. Currently, Idex Corp has an average volume of 304.6K.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Yates, the VP-Chief Accounting Officer of IEX sold 11,397 shares for a total of $1,649,260.
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IDEX Corp. engages in the provision of engineering solutions. It offers its products under two brands namely BAND-IT that produces stainless steel banding, buckles, and clamping systems; and Hurst Jaws of Life, which serves as a rescue tool.
