SPX Technologies, Inc. (NYSE:SPXC - Get Free Report) has been assigned a consensus rating of "Buy" from the five ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $195.20.
A number of research firms have commented on SPXC. Oppenheimer boosted their price objective on SPX Technologies from $170.00 to $197.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Wall Street Zen raised SPX Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, UBS Group increased their target price on SPX Technologies from $182.00 to $210.00 and gave the company a "buy" rating in a research note on Friday, August 1st.
Check Out Our Latest Stock Analysis on SPX Technologies
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SPXC. Twin Peaks Wealth Advisors LLC bought a new position in SPX Technologies in the second quarter valued at approximately $31,000. MAI Capital Management lifted its holdings in SPX Technologies by 80.9% during the 2nd quarter. MAI Capital Management now owns 208 shares of the company's stock worth $35,000 after purchasing an additional 93 shares during the last quarter. NBC Securities Inc. bought a new position in SPX Technologies during the 1st quarter worth $27,000. Eastern Bank bought a new position in SPX Technologies during the 1st quarter worth $38,000. Finally, SVB Wealth LLC acquired a new position in shares of SPX Technologies during the 1st quarter worth $39,000. 92.82% of the stock is currently owned by institutional investors.
SPX Technologies Price Performance
SPX Technologies stock opened at $183.21 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.28 and a current ratio of 1.97. The firm has a market cap of $8.57 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.56 and a beta of 1.32. The business's fifty day moving average is $187.86 and its two-hundred day moving average is $162.13. SPX Technologies has a 52 week low of $115.00 and a 52 week high of $209.38.
SPX Technologies (NYSE:SPXC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.20. The company had revenue of $552.40 million for the quarter, compared to analyst estimates of $546.03 million. SPX Technologies had a return on equity of 19.59% and a net margin of 10.27%.The business's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. SPX Technologies has set its FY 2025 guidance at 6.350-6.650 EPS. Equities research analysts forecast that SPX Technologies will post 5.57 earnings per share for the current fiscal year.
About SPX Technologies
(
Get Free Report)
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.
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