The stock of SPX Corporation (NYSE:SPXC) is a huge mover today! The stock increased 5.99% or $1.44 on November 23, hitting $25.5. About 571,792 shares traded hands or 102.77% up from the average. SPX Corporation (NYSE:SPXC) has risen 48.26% since April 22, 2016 and is uptrending. It has outperformed by 42.85% the S&P500.
The move comes after 6 months positive chart setup for the $1.15 billion company. It was reported on Nov, 24 by Barchart.com. We have $27.80 PT which if reached, will make NYSE:SPXC worth $103.50 million more.
Analysts await SPX Corporation (NYSE:SPXC) to report earnings on February, 23. They expect $0.59 EPS, up 13.46% or $0.07 from last year’s $0.52 per share. SPXC’s profit will be $26.61 million for 10.81 P/E if the $0.59 EPS becomes a reality. After $0.14 actual EPS reported by SPX Corporation for the previous quarter, Wall Street now forecasts 321.43% EPS growth.
SPX Corporation (NYSE:SPXC) Ratings Coverage
Out of 4 analysts covering SPX FLOW (NYSE:SPXC), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. SPX FLOW has been the topic of 9 analyst reports since September 29, 2015 according to StockzIntelligence Inc. UBS maintained SPX Corporation (NYSE:SPXC) rating on Thursday, June 2. UBS has “Buy” rating and $23 price target. The stock has “Neutral” rating given by Credit Suisse on Tuesday, September 29. The stock of SPX Corporation (NYSE:SPXC) has “Underperform” rating given on Thursday, October 1 by RBC Capital Markets. The rating was upgraded by Credit Suisse on Monday, March 28 to “Outperform”. Susquehanna initiated the stock with “Neutral” rating in Tuesday, September 29 report. The firm has “Outperform” rating by Robert W. Baird given on Thursday, October 1.
According to Zacks Investment Research, “SPX Corporation is a provider of technical products and systems, industrial products and services, service solutions and vehicle components. These products are primarily sold to customers throughout North America and Europe. As a global multi-industry company, SPX is focused on profitably growing businesses that have scale and growth potential. These businesses are grouped into four different segments: Technical Products and Systems, Industrial Products and Services, Flow Technology and Service Solutions.”
More news for SPX Corporation (NYSE:SPXC) were recently published by: Bizjournals.com, which released: “SPX Corp. looks to sell under-performing business segments” on February 26, 2016. Bizjournals.com‘s article titled: “SPX Corp. looks to sell, restructure underperforming power business lines” and published on August 05, 2016 is yet another important article.
SPXC Company Profile
SPX Corporation, incorporated on February 9, 1968, is a diversified, global supplier of infrastructure equipment. The Firm operates through three divisions: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. The Company’s detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a maker of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. The Firm has activities in approximately 20 countries.
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