Recent exceptional negative changes in investment behavior have affected IDEX Corp (NYSE: IEX): its longer term price trend turned down, and its shorter term price trend turned down.
IDEX Corp (NYSE: IEX) suffers from important negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
IEX is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IDEX has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. IDEX has a slightly negative Appreciation Score of 33 and a neutral Power Rating of 53, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 9/10/24, IDEX Corp (NYSE: IEX) stock rose slightly by 0.2%, closing at $197.55. However, this advance was accompanied by unusually low trading volume at 54% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.3% during the last week.
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