Standex International (SXI) Stock Rating Upgraded by Zacks Investment Research

Standex International (NYSE:SXI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The firm presently has a $106.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.17% from the company’s previous close.

According to Zacks, “Standex International Corp. is a diversified manufacturer producing and marketing a wide variety of useful, quality products. The company enjoys a broad and well-balanced earnings base by virtue of its strong market position in selected areas of operation. (PRESS RELEASE) “

How to Become a New Pot Stock Millionaire

SXI has been the topic of a number of other research reports. ValuEngine raised Standex International from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet lowered Standex International from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Standex International in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $115.50.

NYSE SXI opened at $95.35 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.54 and a current ratio of 2.34. Standex International has a 52-week low of $84.30 and a 52-week high of $110.00. The stock has a market cap of $1,223.25, a P/E ratio of 20.96 and a beta of 1.55.

Standex International (NYSE:SXI) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.09. Standex International had a return on equity of 14.98% and a net margin of 3.99%. The company had revenue of $209.75 million for the quarter, compared to analyst estimates of $197.38 million. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. analysts predict that Standex International will post 5.28 earnings per share for the current fiscal year.

In other Standex International news, CEO David A. Dunbar sold 4,000 shares of Standex International stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $101.43, for a total value of $405,720.00. Following the sale, the chief executive officer now owns 54,164 shares of the company’s stock, valued at approximately $5,493,854.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Cannon, Jr. sold 5,014 shares of Standex International stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $98.75, for a total value of $495,132.50. Following the completion of the sale, the director now directly owns 21,360 shares in the company, valued at approximately $2,109,300. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of Standex International by 5.8% during the 3rd quarter. American International Group Inc. now owns 10,007 shares of the industrial products company’s stock valued at $1,063,000 after acquiring an additional 545 shares during the period. Cutler Group LP lifted its position in shares of Standex International by 34.6% during the 4th quarter. Cutler Group LP now owns 2,787 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 717 shares during the period. Geode Capital Management LLC lifted its position in shares of Standex International by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 102,916 shares of the industrial products company’s stock valued at $10,481,000 after acquiring an additional 848 shares during the period. BRYN MAWR TRUST Co lifted its position in shares of Standex International by 1.0% during the 4th quarter. BRYN MAWR TRUST Co now owns 100,750 shares of the industrial products company’s stock valued at $10,261,000 after acquiring an additional 993 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Standex International by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,763 shares of the industrial products company’s stock valued at $16,330,000 after acquiring an additional 1,001 shares during the period. Institutional investors own 87.91% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Standex International (SXI) Stock Rating Upgraded by Zacks Investment Research” was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.wkrb13.com/2018/04/02/standex-international-sxi-stock-rating-upgraded-by-zacks-investment-research.html.

About Standex International

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company's Food Service Equipment segment offers refrigerated cabinets, cases, display units, coolers and freezers, ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, countertop merchandisers, cook and hold units, rotisseries, pressure fryers, deep fryers, baking equipment, pump systems, and display cases.

Receive News & Ratings for Standex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standex International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply