Last Updated: 07 Nov 2024
Executive Summary
IDEX Corporation (IEX) is a leading provider of fluidics systems and specialty engineered products. The company has a strong financial position with a market capitalization of $17.02 billion, EBITDA of $862.7 million, and a trailing P/E ratio of 34.78. Analysts are generally bullish on the stock, with 4 strong buy ratings, 3 buy ratings, and 8 hold ratings. The latest stock price is $234.9, which is below the analyst target price of $230.51.
Company Overview
IDEX Corporation is a diversified industrial company with operations in three segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. The company's products are used in a variety of industries, including automotive, aerospace, medical, and construction. IDEX is headquartered in Northbrook, Illinois, and has operations in over 20 countries.
Fundamental Analysis
IDEX Corporation has a strong financial position. The company has a market capitalization of $17.02 billion, EBITDA of $862.7 million, and a trailing P/E ratio of 34.78. The company's revenue has grown at a CAGR of 5.2% over the past five years, and its EPS has grown at a CAGR of 10.3% over the same period. IDEX has a strong balance sheet with $1.1 billion in cash and equivalents and $2.2 billion in total debt.
Technical Analysis
The technical analysis of IDEX Corporation's stock price shows that the stock is in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages for the past several months. The stock price is also above its Ichimoku cloud, which is a bullish indicator.
Short Term Outlook
The short-term outlook for IDEX Corporation is positive. The company is expected to report strong financial results for the fourth quarter of 2023. The company's earnings are expected to grow by 10% year-over-year. The company's stock price is also expected to continue to rise in the short term.
Long Term Outlook
The long-term outlook for IDEX Corporation is also positive. The company is expected to continue to grow its revenue and earnings in the long term. The company's products are used in a variety of industries, which provides the company with a diversified revenue stream. The company's strong financial position also provides it with the flexibility to invest in new growth opportunities.
Analyst Recommendations
Analysts are generally bullish on IDEX Corporation's stock. The consensus analyst target price is $230.51, which is above the current stock price. Four analysts have a strong buy rating on the stock, three analysts have a buy rating, and eight analysts have a hold rating.
