Stifel analyst Nathan Jones maintains $IDEX Corp (IEX.US)$ with a buy rating, and maintains the target price at $244.
According to TipRanks data, the analyst has a success rate of 67.3% and a total average return of 18.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $IDEX Corp (IEX.US)$'s main analysts recently are as follows:
Idex Corp.'s recent earnings outperformance is noted alongside a slight operating income surpassing expectations. The company has also raised the lower end of its 2024 guidance. A key factor contributing to the stock's positive movement is the reported stabilization within the life sciences area of the Health & Science Technologies segment, following an extended phase of inventory reduction and sluggishness.
Analysts noted that Idex Corp.'s third-quarter results were operationally consistent with expectations, as gains in the FSDP segment helped to balance out weaker performance in the FMT division. The company's guidance for 2024 was increased at the lower end, aligning with general consensus. Encouraging signs include the stabilization hinted at by daily order rates, demand commentary, and estimates, especially after a challenging time for the company.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
