BidaskScore Finally Downgrades SPX (NYSE:SPXC)

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SPX (NYSE:SPXC) Receives a Downgrade

BidaskScore downgraded SPX (NYSE:SPXC) shares, lowering their rating to a Sell in a research note sent to investors and clients on Friday, 17 May. Trading on the $1.34 billion market cap SPXC will be interesting to observe today.

The stock decreased 1.83% or $0.57 during the last trading session, reaching $30.63. About 149,450 shares traded. SPX Corporation (NYSE:SPXC) has risen 18.27% since May 18, 2018 and is uptrending. It has outperformed by 13.90% the S&P500.

Analysts await SPX Corporation (NYSE:SPXC) to report earnings on August, 1. They expect $0.62 earnings per share, up 16.98 % or $0.09 from last year’s $0.53 per share. SPXC’s profit will be $27.20 million for 12.35 P/E if the $0.62 EPS becomes a reality. After $0.51 actual earnings per share reported by SPX Corporation for the previous quarter, Wall Street now forecasts 21.57 % EPS growth.

SPX Corporation supplies infrastructure equipment serving the heating and ventilation , detection and measurement, power transmission and generation, and industrial markets in the United States, China, South Africa, the United Kingdom, and internationally. The company has market cap of $1.34 billion. It operates through three divisions: HVAC, Detection and Measurement, and Engineered Solutions. It has a 20.24 P/E ratio. The HVAC segment engineers, designs, makes, installs, and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating, and ventilation products for the residential and commercial markets.

More notable recent SPX Corporation (NYSE:SPXC) news were published by: Globenewswire.com which released: “SPX to Present at the Credit Suisse Annual Industrials Conference – GlobeNewswire” on November 26, 2018, also Globenewswire.com with their article: “SPX Announces Agreement to Purchase Marine and Obstruction Lighting Business of Carmanah Technology Corporation – GlobeNewswire” published on December 12, 2018, Bizjournals.com published: “SPX Corp. buys warning-light manufacturer in $77M deal – Charlotte Business Journal” on December 13, 2018. More interesting news about SPX Corporation (NYSE:SPXC) were released by: Seekingalpha.com and their article: “Stocks To Watch: Eyes On Cyber Monday, Argentina And Mars – Seeking Alpha” published on November 24, 2018 as well as Globenewswire.com‘s news article titled: “SPX to Exit Heat Transfer Business NYSE:SPXC – GlobeNewswire” with publication date: July 02, 2018.

SPX Corporation (NYSE:SPXC) Institutional Positions Chart

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