Idex Corporation (NYSE: IEX) has a price-to-earnings ratio of 27.29x that is above its average ratio. Additionally, the 36-month beta value for IEX is 0.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for IEX is 75.54M and currently, short sellers hold a 1.21% ratio of that float. The average trading volume of IEX on September 20, 2024 was 520.92K shares.
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IEX) stock’s latest price update
The stock price of Idex Corporation (NYSE: IEX) has dropped by -0.85 compared to previous close of 210.50. Despite this, the company has seen a gain of 4.47% in its stock price over the last five trading days. businesswire.com reported 2024-09-18 that NORTHBROOK, Ill.–(BUSINESS WIRE)–IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.69 per common share. This dividend will be paid October 25, 2024 to shareholders of record as of October 11, 2024. This dividend represents the company’s 120th consecutive regular quarterly cash dividend payment. About IDEX IDEX Corporation (NYSE: IEX) designs and builds engineered products and mission-critical components that make every.
IEX’s Market Performance
IEX’s stock has risen by 4.47% in the past week, with a monthly rise of 3.61% and a quarterly rise of 2.96%. The volatility ratio for the week is 1.69% while the volatility levels for the last 30 days are 1.70% for Idex Corporation The simple moving average for the past 20 days is 3.47% for IEX’s stock, with a -2.83% simple moving average for the past 200 days.
Analysts’ Opinion of IEX
Stifel, on the other hand, stated in their research note that they expect to see IEX reach a price target of $265, previously predicting the price at $215. The rating they have provided for IEX stocks is “Buy” according to the report published on February 08th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to IEX, setting the target price at $200 in the report published on October 05th of the previous year.
IEX Trading at 3.89% from the 50-Day Moving Average
After a stumble in the market that brought IEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.28% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +4.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.60% upper at present.
During the last 5 trading sessions, IEX rose by +4.50%, which changed the moving average for the period of 200-days by +2.24% in comparison to the 20-day moving average, which settled at $202.17. In addition, Idex Corporation saw -3.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IEX
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.44 for the gross margin
The net margin for Idex Corporation stands at 0.18. The total capital return value is set at 0.13. Equity return is now at value 16.74, with 9.99 for asset returns.
Based on Idex Corporation (IEX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 16.19.
Currently, EBITDA for the company is 895.5 million with net debt to EBITDA at 0.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.15. The receivables turnover for the company is 7.48for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.41.
Conclusion
In conclusion, Idex Corporation (IEX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
