News stories about SPX (NYSE:SPXC) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SPX earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.7683089257266 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Comparing SPX (SPXC) and Lincoln Electric (LECO) (americanbankingnews.com)
- SPX Co. (SPXC) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, FB, AMXN, TSLA, BCS) (msn.com)
- 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, SPOT, TSLA, DIS) (msn.com)
NYSE SPXC traded down $0.69 on Friday, hitting $31.66. 191,175 shares of the company’s stock were exchanged, compared to its average volume of 251,413. The company has a current ratio of 1.37, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. SPX has a fifty-two week low of $21.97 and a fifty-two week high of $33.93. The stock has a market capitalization of $1,354.51, a price-to-earnings ratio of 17.79 and a beta of 1.54.
SPX (NYSE:SPXC) last released its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). SPX had a return on equity of 31.70% and a net margin of 6.26%. The business had revenue of $387.00 million for the quarter, compared to analyst estimates of $396.35 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. equities analysts forecast that SPX will post 2.1 earnings per share for the current fiscal year.
Several research firms have commented on SPXC. Zacks Investment Research raised SPX from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. TheStreet raised SPX from a “c” rating to a “b-” rating in a research note on Thursday, February 15th. Susquehanna Bancshares set a $32.00 price objective on SPX and gave the company a “hold” rating in a research note on Friday, February 16th. ValuEngine upgraded SPX from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS initiated coverage on SPX in a research report on Tuesday, January 23rd. They set a “buy” rating and a $41.00 target price on the stock. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. SPX currently has an average rating of “Buy” and a consensus price target of $36.00.
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SPX Corporation supplies infrastructure equipment serving the heating and ventilation (HVAC), detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. It operates through three segments: HVAC, Detection and Measurement, and Engineered Solutions.
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