SPX Corp 2017 Q2 Institutional Investor Sentiment Better Than Expected

October 12, 2017 - By Maria Brooks

 SPX Corp  2017 Q2 Institutional Investor Sentiment  Better Than Expected

Sentiment for SPX Corp (NYSE:SPW)

SPX Corp (NYSE:SPW) institutional sentiment decreased to 1.26 in Q2 2017. Its down -0.15, from 1.41 in 2017Q1. The ratio has worsened, as 87 hedge funds started new or increased equity positions, while 69 sold and reduced their holdings in SPX Corp. The hedge funds in our partner’s database now have: 35.39 million shares, up from 34.56 million shares in 2017Q1. Also, the number of hedge funds holding SPX Corp in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 20 Reduced: 49 Increased: 56 New Position: 31.

SPX Corporation is a global supplier of infrastructure equipment. The company has market cap of $1.24 billion. The Firm operates through three divisions: HVAC; Detection and Measurement, and Engineered Solutions. It has a 87.73 P/E ratio. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

About 37,528 shares traded. SPX Corp (NYSE:SPW) has 0.00% since October 12, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts expect SPX Corp (NYSE:SPXC) to report $0.31 EPS on November, 2.They anticipate $0.17 EPS change or 121.43 % from last quarter’s $0.14 EPS. SPXC’s profit would be $13.20M giving it 23.48 P/E if the $0.31 EPS is correct. After having $0.44 EPS previously, SPX Corp’s analysts see -29.55 % EPS growth.

SPX Corp (NYSE:SPXC) Ratings Coverage

Ratings analysis reveals 57% of SPX Corp’s analysts are positive. Out of 7 Wall Street analysts rating SPX Corp, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $61 while the high is $93. The stock’s average target of $74.75 is 156.70% above today’s ($29.12) share price. SPW was included in 9 notes of analysts from July 30, 2015. The firm has “Buy” rating by UBS given on Friday, September 4. The firm earned “Sector Perform” rating on Thursday, July 30 by RBC Capital Markets. As per Sunday, September 6, the company rating was maintained by Wedbush. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, September 3. The firm has “Neutral” rating given on Thursday, September 3 by Susquehanna. The firm has “Market Perform” rating given on Sunday, September 6 by William Blair. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 30.

More recent SPX Corp (NYSE:SPXC) news were published by: Globenewswire.com which released: “SPX Enhances Business Development and Strategy Team” on September 12, 2017. Also Seekingalpha.com published the news titled: “SPX Corporation: Engineered Solutions Business Creates Problems” on September 16, 2017. Gurufocus.com‘s news article titled: “Selz Capital LLC Buys SPX Corp, Liberty Ventures Group, Applied Materials Inc …” with publication date: October 12, 2017 was also an interesting one.

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