SPX Corp. (NYSE:SPW) had its target price boosted by Stifel Nicolaus from $110.00 to $125.00 in a report issued on Tuesday, American Banking and Market News reports. They currently have a buy rating on the stock.
SPX Corp. (NYSE:SPW) traded down 0.59% during mid-day trading on Tuesday, hitting $104.98. 161,262 shares of the company’s stock traded hands. SPX Corp. has a 52 week low of $67.19 and a 52 week high of $105.72. The stock’s 50-day moving average is $97.66 and its 200-day moving average is $86.13. The company has a market cap of $4.761 billion and a price-to-earnings ratio of 20.13.
SPX Corp. (NYSE:SPW) last released its earnings data on Wednesday, October 30th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.25 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $1.05 earnings per share. SPX Corp.’s revenue was down 8.3% compared to the same quarter last year. On average, analysts predict that SPX Corp. will post $3.96 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of SPX Corp. from an underperform rating to a neutral rating in a research note to investors on Tuesday, December 31st. They now have a $100.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a buy rating on shares of SPX Corp. in a research note to investors on Thursday, December 5th. They now have a $101.00 price target on the stock, up previously from $97.00. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. SPX Corp. has an average rating of Hold and an average target price of $93.21.
In other SPX Corp. news, VP Kevin Lilly unloaded 7,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $100.57, for a total transaction of $703,990.00. Following the sale, the vice president now directly owns 93,898 shares in the company, valued at approximately $9,443,322. The sale was disclosed in a legal filing with the SEC, which is available at this link.
SPX Corporation is a global, multi-industry manufacturer of specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.