Stock Updates

Is this Large Market Cap Stock target price reasonable for IDEX Corporation (NYSE:IEX)?

The company in question is, IDEX Corporation (NYSE:IEX) currently with a stock price of 86.5 (0.06% today). The market cap for IDEX Corporation is 6750.88, and is in the sector Industrial Goods, and Diversified Machinery industry. The target price for IDEX Corporation is 89. Currently IDEX Corporation is trading with a P/E of 22.88, and a forward P/E of 21.16. Average volume for IDEX Corporation is 305 and so far today it is 140127.

Performance in the last year for IDEX Corporation has been 17.49%. For EPS growth, IDEX Corporation has seen a growth of 4.80%, and is looking to grow in the next year to 9.13%. More long term stats show that EPS growth has been 13.60% over the last five years and could be 0.15% for the next five years. IDEX Corporation has seen sales growth quarter over quarter at 6.80%, with EPS growth quarter over quarter at 11.20%. The 20-day simple moving average is -5.76%, with the 200-day simple moving average coming to 4.78%.

Since the IPO date for IDEX Corporation on the 6/30/1989, IDEX Corporation has seen performance year to date to be 14.71%. With IDEX Corporation trading at 86.5, the dividend yield is 1.57%, and the EPS is 3.78.

So could IDEX Corporation, be undervalued? Well as said before P/E is 22.88. The PEG is 152.51, P/S is 3.28 and the P/B is at 4.37. The P/cash is 18.67, with P/free cash flow at 28.97.

IDEX Corporation ability to deal with debt shows that the current ratio is 3.3, and the quick ratio is 2.4. This is with long term debt/equity at 0.7, and total debt/equity at 0.71.

In terms of margins, IDEX Corporation has a gross margin of 44.50%, an operating margin of 21.20% and a profit margin of 14.20%.Payout ratio for IDEX Corporation is 34.50%. Return on assets come to 9.80% with return on investment coming to 14.10%.

Insider ownership for IDEX Corporation, is at 0.30% and institutional ownership comes to *TBA. Outstanding shares are at 78.09. While shares float is 75.6. The float short is currently 2.84%, and short ratio is 7.05.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

Leave a Comment