Stock Rating Upgrade
The Value Trend Rating for IDEX Corp (NYSE: IEX) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, IDEX Corp (NYSE: IEX) stock declined slightly by -0.8%, closing at $206.91. However, this decline was accompanied by below average trading volume at 67% of normal. The stock has declined -2.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
IEX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
IDEX has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. IDEX has a poor Appreciation Score of 25 but a slightly positive Power Rating of 62, with the Low Neutral Value Trend Rating the result.
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