Wells Fargo (NYSE:WFC) analyst Allison Poliniak maintained a Buy rating on IDEX (NYSE:IEX) Corporation on Wednesday, setting a price target of $260, which is approximately 14.69% above the present share price of $226.69.
Poliniak expects IDEX Corporation to post earnings per share (EPS) of $1.34 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in IDEX, with an average price target of $255.
The analysts price targets range from a high of $260 to a low of $252.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $685.95 million and a net profit of $161.39 million. The company's market cap is $17.23 billion.
According to TipRanks.com, Wells Fargo analyst Allison Poliniak is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.4% and a 71.43% success rate.
IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consist of production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987 and is headquartered in Lake Forest, IL.