SPX (NYSE:SPXC) Given Media Impact Score of -0.03

Media coverage about SPX (NYSE:SPXC) has trended somewhat negative recently, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. SPX earned a news impact score of -0.03 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.8553356689094 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern’s rankings:

Shares of SPXC stock traded up $0.54 on Thursday, hitting $32.48. The stock had a trading volume of 194,886 shares, compared to its average volume of 251,425. The firm has a market capitalization of $1,375.47, a price-to-earnings ratio of 16.08 and a beta of 1.57. The company has a quick ratio of 1.06, a current ratio of 1.37 and a debt-to-equity ratio of 1.11. SPX has a twelve month low of $21.97 and a twelve month high of $33.93.

SPX (NYSE:SPXC) last announced its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $387.00 million during the quarter, compared to analyst estimates of $396.35 million. SPX had a return on equity of 31.70% and a net margin of 6.26%. SPX’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. research analysts expect that SPX will post 2.1 earnings per share for the current year.

Several brokerages have recently issued reports on SPXC. ValuEngine lowered shares of SPX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of SPX from a “hold” rating to a “strong sell” rating in a report on Friday, January 5th. UBS began coverage on shares of SPX in a report on Tuesday, January 23rd. They issued a “buy” rating and a $41.00 price target for the company. Susquehanna Bancshares set a $32.00 price target on shares of SPX and gave the company a “hold” rating in a report on Friday, February 16th. Finally, TheStreet raised shares of SPX from a “c” rating to a “b-” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. SPX presently has a consensus rating of “Buy” and a consensus target price of $36.00.

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SPX Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

Insider Buying and Selling by Quarter for SPX (NYSE:SPXC)

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