SPX Technologies, Inc. (NYSE:SPXC – Get Free Report) has earned a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $195.20.
Several equities analysts recently issued reports on the company. UBS Group lifted their price objective on SPX Technologies from $182.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Wall Street Zen raised SPX Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, Oppenheimer lifted their price objective on SPX Technologies from $170.00 to $197.00 and gave the stock an “outperform” rating in a report on Tuesday, July 8th.
Check Out Our Latest Research Report on SPX Technologies
Hedge Funds Weigh In On SPX Technologies
SPX Technologies Stock Up 0.9%
SPXC opened at $187.67 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.97 and a quick ratio of 1.28. The business has a 50 day simple moving average of $188.74 and a 200-day simple moving average of $163.38. The stock has a market capitalization of $8.78 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.58 and a beta of 1.37. SPX Technologies has a 12 month low of $115.00 and a 12 month high of $209.38.
SPX Technologies (NYSE:SPXC – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.20. The firm had revenue of $552.40 million during the quarter, compared to analysts’ expectations of $546.03 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.SPX Technologies’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. On average, equities analysts anticipate that SPX Technologies will post 5.57 earnings per share for the current fiscal year.
About SPX Technologies
SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.
Featured Articles
- Five stocks we like better than SPX Technologies
- How to Buy Cheap Stocks Step by Step
- General Dynamics Hits New Highs: Why It Might Keep Climbing
- How to invest in marijuana stocks in 7 steps
- Nike’s Turnaround: If the Shoe Fits, Buy It!
- There Are Different Types of Stock To Invest In
- NVIDIA Breaks Out to New Highs: What Comes Next?
Receive News & Ratings for SPX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.