Brean Murray Carret & Co. Maintains a 'Buy' on IDEX Corp (IEX); Adding to Near-Term Focus List After Solid Results
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Price: $238.94 -0.08%
Rating Summary:
15 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Brean Murray Carret & Co. maintains a 'Buy' on IDEX Corp (NYSE: IEX) price target of $56.00.
Analyst, Michael Gaugler, said, "Idex reported a solid quarter with results that came in slightly above our and consensus estimates...The company continues to capitalize on healthy secular trends and capture market share in key end markets, and the recent acquisitions are performing well, while margins continue to improve as a result of fixed costs leverage and solid productivity gains..Based on the results of our summary valuation analysis, we continue to believe the shares are undervalued at current levels." (Brean raises FY12 EPS estimate from $2.80 to $2.81 and FY13 from $3.02 to $3.10)
For an analyst ratings summary and ratings history on IDEX Corp click here. For more ratings news on IDEX Corp click here.
Shares of IDEX Corp closed at $41.47 yesterday.
Analyst, Michael Gaugler, said, "Idex reported a solid quarter with results that came in slightly above our and consensus estimates...The company continues to capitalize on healthy secular trends and capture market share in key end markets, and the recent acquisitions are performing well, while margins continue to improve as a result of fixed costs leverage and solid productivity gains..Based on the results of our summary valuation analysis, we continue to believe the shares are undervalued at current levels." (Brean raises FY12 EPS estimate from $2.80 to $2.81 and FY13 from $3.02 to $3.10)
For an analyst ratings summary and ratings history on IDEX Corp click here. For more ratings news on IDEX Corp click here.
Shares of IDEX Corp closed at $41.47 yesterday.
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