In a report released today, Christopher Howe from Barrington reiterated a Buy rating on Standex International (SXI – Research Report), with a price target of $110.00. The company’s shares closed last Tuesday at $97.00, close to its 52-week high of $108.17.
According to TipRanks.com, Howe is a 5-star analyst with an average return of 41.8% and a 73.5% success rate. Howe covers the Industrial Goods sector, focusing on stocks such as Commercial Vehicle Group, Columbus Mckinnon, and Hillenbrand.
Standex International has an analyst consensus of Moderate Buy, with a price target consensus of $110.00.
Standex International’s market cap is currently $1.21B and has a P/E ratio of 69.70. The company has a Price to Book ratio of 12.58.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SXI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Standex International Corp. manufactures products and services for commercial and industrial markets. It operates through the following segments: Food Service Equipment, Engraving, Engineering Technologies, Electronics and Hydraulics. The Food Service Equipment segment is engaged in the provision of refrigeration, display merchandising and component pumps for the commercial food service and life sciences markets. The Engraving segment creates textures and surface finishes on tooling to enhance the beauty and function of a wide range of consumer goods and automotive products. The Engineering Technologies segment offers net and near net formed single-source customized solutions in the manufacture of engineered components for the aviation, aerospace, defence, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Electronics segment relates to the manufacture and sale of electronic components for applications throughout the end-user market spectrum. The Hydraulics segment pertains to manufacturing and selling of single and double-acting telescopic and piston rod hydraulic cylinders. The company was founded by John Bolten in 1955 and is headquartered in Salem, NH.