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NYSE:SPXC

SPX Stock Forecast, Price & News

$42.39
-2.49 (-5.55 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$41.99
Now: $42.39
$44.88
50-Day Range
$40.00
MA: $46.33
$51.02
52-Week Range
$25.50
Now: $42.39
$53.76
Volume328,791 shs
Average Volume271,845 shs
Market Capitalization$1.89 billion
P/E Ratio18.84
Dividend YieldN/A
Beta1.29
SPX Corporation supplies infrastructure equipment serving the heating, ventilation and cooling (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates in three segments: HVAC, Detection and Measurement, and Engineered Solutions. The HVAC segment engineers, designs, manufactures, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products in the residential and commercial markets. The Detection and Measurement segment offers underground pipe and cable locators, and inspection and rehabilitation equipment, as well as bus fare collection systems, communication technologies, and specialty lighting products. The Engineered Solutions segment provides transformers for the power transmission and distribution markets; and process cooling equipment for the industrial and power generation markets. This segment sells transformers for publicly and privately held utilities under the Waukesha brand name; and process cooling products under the SPX Cooling and Marley brand names. The company also offers heat exchangers for the industrial and power generation markets. SPX Corporation markets its products through various distribution channels, such as direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The company is headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 out of 5 stars

Industry, Sector and Symbol

Industry Metalworking machinery & equipment
Sub-IndustryN/A
Previous SymbolNASDAQ:SPXC
CUSIPN/A
Phone980-474-3700
Employees4,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$3.08 per share
Book Value$11.38 per share

Profitability

Net Income$65.30 million

Miscellaneous

Market Cap$1.89 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$42.39
-2.49 (-5.55 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SPX (NYSE:SPXC) Frequently Asked Questions

How has SPX's stock price been impacted by Coronavirus?

SPX's stock was trading at $38.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SPXC shares have increased by 9.4% and is now trading at $42.39.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of SPX?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPX in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for SPX
.

When is SPX's next earnings date?

SPX is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for SPX
.

How were SPX's earnings last quarter?

SPX Corp (NYSE:SPXC) issued its quarterly earnings data on Thursday, October, 29th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.14. The firm earned $363.40 million during the quarter, compared to analyst estimates of $357.83 million. SPX had a return on equity of 25.25% and a net margin of 6.59%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share.
View SPX's earnings history
.

What price target have analysts set for SPXC?

6 equities research analysts have issued 12 month target prices for SPX's shares. Their forecasts range from $47.00 to $60.00. On average, they anticipate SPX's share price to reach $52.25 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
View analysts' price targets for SPX
.

Who are some of SPX's key competitors?

What other stocks do shareholders of SPX own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SPX investors own include SPX FLOW (FLOW), Exxon Mobil (XOM), Advanced Micro Devices (AMD), Pfizer (PFE), Alibaba Group (BABA), Qorvo (QRVO), Skyworks Solutions (SWKS), Bank of America (BAC), Bristol-Myers Squibb (BMY) and Starbucks (SBUX).

Who are SPX's key executives?

SPX's management team includes the following people:
  • Mr. Eugene Joseph Lowe III, Pres, CEO & Director (Age 51)
  • Mr. Scott William Sproule, VP, CFO & Treasurer (Age 49)
  • Mr. J. Randall Data, Pres of South Africa & Global Operations (Age 53)
  • Mr. John Webster Nurkin, VP, Gen. Counsel & Sec. (Age 49)
  • Mr. John William Swann III, Pres of Weil-McLain, Marley Engineered Products & Radiodetection (Age 48)

What is SPX's stock symbol?

SPX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPXC."

Who are SPX's major shareholders?

SPX's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (1.45%), Peregrine Capital Management LLC (1.29%), KBC Group NV (0.75%), Comerica Bank (0.49%), Skyline Asset Management LP (0.40%) and Robeco Institutional Asset Management B.V. (0.20%). Company insiders that own SPX stock include Brian G Mason, John Webster Nurkin, John William Swann III and Michael Andrew Reilly.
View institutional ownership trends for SPX
.

Which institutional investors are selling SPX stock?

SPXC stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., SeaBridge Investment Advisors LLC, Peregrine Capital Management LLC, Dupont Capital Management Corp, Skyline Asset Management LP, and State of Alaska Department of Revenue. Company insiders that have sold SPX company stock in the last year include Brian G Mason, John Webster Nurkin, and John William Swann III.
View insider buying and selling activity for SPX
.

Which institutional investors are buying SPX stock?

SPXC stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Comerica Bank, KBC Group NV, Louisiana State Employees Retirement System, BNP Paribas Arbitrage SA, Thompson Investment Management Inc., Envestnet Asset Management Inc., and Nisa Investment Advisors LLC.
View insider buying and selling activity for SPX
.

How do I buy shares of SPX?

Shares of SPXC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is SPX's stock price today?

One share of SPXC stock can currently be purchased for approximately $42.39.

How big of a company is SPX?

SPX has a market capitalization of $1.89 billion and generates $1.53 billion in revenue each year. The company earns $65.30 million in net income (profit) each year or $2.76 on an earnings per share basis. SPX employs 4,500 workers across the globe.

What is SPX's official website?

The official website for SPX is www.spx.com.

How can I contact SPX?

SPX's mailing address is 6325 ARDREY KELL ROAD SUITE 400, CHARLOTTE NC, 28277. The company can be reached via phone at 980-474-3700 or via email at [email protected]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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