Somewhat Favorable Press Coverage Somewhat Unlikely to Affect SPX (SPXC) Share Price
News articles about SPX (NYSE:SPXC) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SPX earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.2875555349111 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- SPX Corp (SPXC) CAO Sells $265,525.06 in Stock (americanbankingnews.com)
- ETFs with exposure to SPX Corp. : November 30, 2017 (finance.yahoo.com)
- SPX Cooling Technologies Showcases Latest Cooling Tower and Component Innovations at POWER-GEN International (power-eng.com)
- SPX Corporation (SPXC) Downgraded to Buy at ValuEngine (americanbankingnews.com)
Several research analysts recently weighed in on SPXC shares. UBS boosted their price target on shares of SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of SPX from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. TheStreet upgraded shares of SPX from a “d+” rating to a “c” rating in a report on Monday, November 6th. BidaskClub upgraded shares of SPX from a “hold” rating to a “buy” rating in a report on Wednesday, September 20th. Finally, ValuEngine cut shares of SPX from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.00.
Shares of SPX (NYSE SPXC) opened at $31.57 on Friday. The company has a market cap of $1,358.81, a PE ratio of 17.05 and a beta of 1.72. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.15 and a quick ratio of 0.81. SPX has a 12-month low of $21.97 and a 12-month high of $32.71.
SPX (NYSE:SPXC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. The business had revenue of $348.50 million for the quarter, compared to analyst estimates of $343.12 million. SPX had a negative net margin of 3.86% and a positive return on equity of 37.49%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. equities analysts forecast that SPX will post 1.8 EPS for the current year.
In other SPX news, CAO Michael Andrew Reilly sold 3,833 shares of SPX stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.59, for a total value of $117,251.47. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.55% of the company’s stock.
SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
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