Shares of Apergy Corp (NYSE:APY) have earned an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.86.
Several brokerages recently issued reports on APY. Zacks Investment Research upgraded Apergy from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Thursday, October 11th. Cowen reiterated a “hold” rating and issued a $40.00 price objective on shares of Apergy in a research report on Monday, December 3rd. Wolfe Research began coverage on Apergy in a research report on Wednesday, October 10th. They issued an “outperform” rating for the company. Bank of America began coverage on Apergy in a research report on Monday, December 3rd. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Citigroup decreased their price objective on Apergy from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, November 2nd.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in Apergy during the 3rd quarter worth approximately $1,994,000. Clearbridge Investments LLC boosted its position in Apergy by 2,038.0% during the 3rd quarter. Clearbridge Investments LLC now owns 502,437 shares of the company’s stock worth $21,886,000 after acquiring an additional 478,937 shares during the last quarter. Standard Life Aberdeen plc acquired a new position in Apergy during the 3rd quarter worth approximately $1,179,000. Rehmann Capital Advisory Group boosted its position in Apergy by 6,613.5% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,929 shares of the company’s stock worth $205,000 after acquiring an additional 8,796 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Apergy during the 3rd quarter worth approximately $556,000. Institutional investors and hedge funds own 91.69% of the company’s stock.
Shares of Apergy stock traded up $0.12 during trading on Monday, hitting $32.31. 619,397 shares of the company were exchanged, compared to its average volume of 457,487. Apergy has a 1-year low of $31.23 and a 1-year high of $46.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.46 and a current ratio of 2.47.
Apergy (NYSE:APY) last issued its quarterly earnings data on Wednesday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Apergy had a return on equity of 10.99% and a net margin of 11.29%. The business had revenue of $316.47 million during the quarter, compared to analyst estimates of $321.60 million. On average, analysts anticipate that Apergy will post 1.43 earnings per share for the current fiscal year.
Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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