SPX Co. (NYSE:SPXC – Get Rating) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.00.
Several analysts recently commented on SPXC shares. Zacks Investment Research downgraded SPX from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. TheStreet cut SPX from a “b-” rating to a “c” rating in a research note on Monday, March 21st. Finally, StockNews.com upgraded shares of SPX from a “hold” rating to a “buy” rating in a report on Thursday, May 5th.
Shares of NYSE:SPXC opened at $45.12 on Wednesday. The company has a 50 day moving average price of $47.19. SPX has a fifty-two week low of $41.66 and a fifty-two week high of $68.24. The firm has a market cap of $2.06 billion, a P/E ratio of 5.12, a price-to-earnings-growth ratio of 0.93 and a beta of 1.37. The company has a quick ratio of 1.62, a current ratio of 2.07 and a debt-to-equity ratio of 0.20.
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in SPX by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,123,259 shares of the company’s stock worth $60,041,000 after purchasing an additional 3,878 shares during the last quarter. Yousif Capital Management LLC bought a new stake in shares of SPX during the 4th quarter worth approximately $2,469,000. Teachers Retirement System of The State of Kentucky raised its position in SPX by 6.9% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 42,896 shares of the company’s stock worth $2,560,000 after acquiring an additional 2,786 shares in the last quarter. HighTower Advisors LLC grew its position in shares of SPX by 10.7% in the 3rd quarter. HighTower Advisors LLC now owns 4,077 shares of the company’s stock valued at $218,000 after acquiring an additional 395 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in SPX by 14.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 255,440 shares of the company’s stock worth $15,245,000 after purchasing an additional 33,166 shares during the period. 91.47% of the stock is currently owned by institutional investors and hedge funds.
SPX Company Profile (Get Rating)
SPX Corporation supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets in the United States, China, the United Kingdom, and internationally. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services cooling products and engineered air quality solutions for the HVAC, and industrial markets; and heating and ventilation products for the residential and commercial markets.
- Get a free copy of the StockNews.com research report on SPX (SPXC)
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