SPX (SPXC) Receiving Somewhat Favorable Media Coverage, Study Shows

News articles about SPX (NYSE:SPXC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. 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 daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.0343101386827 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

SPXC has been the topic of several analyst reports. UBS Group increased their price target on SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded SPX from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded SPX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. TheStreet raised shares of SPX from a “d+” rating to a “c” rating in a research note on Monday, November 6th. Finally, BidaskClub raised shares of SPX from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $37.00.

Shares of SPX (NYSE SPXC) opened at $32.23 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 1.15. SPX has a 12 month low of $21.97 and a 12 month high of $33.18. The stock has a market cap of $1,370.00, a PE ratio of 41.86 and a beta of 1.75.

SPX (NYSE:SPXC) last posted its earnings results on Thursday, November 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. SPX had a negative net margin of 3.86% and a positive return on equity of 37.49%. The business had revenue of $348.50 million for the quarter, compared to analyst estimates of $343.12 million. During the same period in the prior year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts predict that SPX will post 1.8 earnings per share for the current year.

In related news, CAO Michael Andrew Reilly sold 3,833 shares of the firm’s 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 available through this link. Company insiders own 0.55% of the company’s stock.

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About SPX

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.

Insider Buying and Selling by Quarter for SPX (NYSE:SPXC)

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