Standex Int’l (NYSE:SXI)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barrington Research in a research note issued on Thursday, AnalystRatings.com reports. They presently have a $77.00 price target on the industrial products company’s stock. Barrington Research’s target price suggests a potential upside of 43.93% from the stock’s previous close.
Several other analysts have also recently issued reports on SXI. Sidoti upped their price target on shares of Standex Int’l from $62.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. ValuEngine raised shares of Standex Int’l from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Zacks Investment Research cut shares of Standex Int’l from a “hold” rating to a “sell” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Standex Int’l currently has an average rating of “Hold” and an average target price of $79.00.
Shares of NYSE SXI traded down $0.43 during trading on Thursday, reaching $53.50. 3,083 shares of the stock were exchanged, compared to its average volume of 92,099. The business’s 50-day moving average price is $55.17 and its 200 day moving average price is $59.74. Standex Int’l has a twelve month low of $37.50 and a twelve month high of $81.69. The company has a quick ratio of 2.01, a current ratio of 2.63 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $676.44 million, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.39.
Standex Int’l (NYSE:SXI) last posted its earnings results on Thursday, May 7th. The industrial products company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.06. Standex Int’l had a net margin of 4.09% and a return on equity of 10.81%. The business had revenue of $155.50 million for the quarter, compared to analysts’ expectations of $153.23 million. During the same period in the previous year, the company posted $0.65 earnings per share. The business’s revenue for the quarter was down 19.8% compared to the same quarter last year. As a group, sell-side analysts expect that Standex Int’l will post 3.52 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in SXI. Norges Bank bought a new stake in Standex Int’l during the fourth quarter valued at $13,747,000. FMR LLC increased its stake in Standex Int’l by 11.0% during the first quarter. FMR LLC now owns 421,338 shares of the industrial products company’s stock valued at $30,926,000 after purchasing an additional 41,723 shares during the last quarter. State Street Corp increased its stake in Standex Int’l by 9.8% during the first quarter. State Street Corp now owns 433,063 shares of the industrial products company’s stock valued at $21,229,000 after purchasing an additional 38,617 shares during the last quarter. Martingale Asset Management L P bought a new stake in Standex Int’l during the first quarter valued at $1,835,000. Finally, Prudential Financial Inc. increased its stake in Standex Int’l by 116.3% during the fourth quarter. Prudential Financial Inc. now owns 68,724 shares of the industrial products company’s stock valued at $5,453,000 after purchasing an additional 36,952 shares during the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.
Standex Int’l Company Profile
Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment.
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