SPX (SPXC) Getting Somewhat Favorable Press Coverage, Report Shows
Media headlines about SPX (NYSE:SPXC) have trended somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public 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 0.05 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.0909425776305 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.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-SPX Announces Amendment And Extension Of Bank Credit Agreement (reuters.com)
- SPX Announces Amendment and Extension of Bank Credit Agreement (finance.yahoo.com)
- SPX World-Class Research & Development Center Educates Contractors, Engineers and End Users (powermag.com)
- Contrasting Welbilt (WBT) and SPX (SPXC) (americanbankingnews.com)
- Critical Comparison: SPX (SPXC) & Dover (DOV) (americanbankingnews.com)
SPX (NYSE SPXC) opened at $31.43 on Friday. SPX has a 52 week low of $21.97 and a 52 week high of $32.71. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 1.15. The firm has a market capitalization of $1,323.02, a P/E ratio of 16.60 and a beta of 1.72.
A number of research analysts have recently issued reports on the company. BidaskClub raised SPX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. ValuEngine downgraded SPX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. TheStreet raised SPX from a “d+” rating to a “c” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded SPX from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, UBS upped their price target on SPX from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. SPX presently has an average rating of “Buy” and a consensus target price of $37.00.
In related news, CAO Michael Andrew Reilly sold 3,833 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.59, for a total transaction of $117,251.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.
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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.
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