Mizuho has adjusted its price target for Idex Corp. (IEX, Financial), bringing it down to $175 from the previous $200, while maintaining a Neutral rating on the stock. The revision comes amid anticipated short-term demand challenges and the impact of tariffs on financial performance as companies approach earnings season.
The firm has noted that initial first-quarter assessments are largely unfolding as expected. However, recent developments have shifted investor attention away from this period. A major concern is the escalation of tariffs, particularly those affecting trade with China, which Mizuho warns could have significant negative effects on businesses.
In response to these challenges, companies are preemptively increasing prices, yet Mizuho anticipates that some issues may remain unresolved, posing potential obstacles to mitigating the tariff impacts fully. Investors need to remain aware of these potential disruptions as they consider the trajectory of Idex Corp. moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for IDEX Corp (IEX, Financial) is $211.93 with a high estimate of $245.00 and a low estimate of $159.00. The average target implies an upside of 31.91% from the current price of $160.66. More detailed estimate data can be found on the IDEX Corp (IEX) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, IDEX Corp's (IEX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for IDEX Corp (IEX, Financial) in one year is $234.04, suggesting a upside of 45.67% from the current price of $160.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the IDEX Corp (IEX) Summary page.
