IDEX Corporation : Close to a key resistance level
| Entry price | Target | Stop-loss | Potential |
|---|
|
US$224.42 |
US$245 |
US$215 |
+9.17% |
|---|
Shares in IDEX Corporation are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
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● The group's high margin levels account for strong profits.
● The company is in a robust financial situation considering its net cash and margin position.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Sales forecast by analysts have been recently revised upwards.
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● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● With an expected P/E ratio at 36.92 and 33.19 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
● The company's enterprise value to sales, at 6.49 times its current sales, is high.
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● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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IDEX CORPORATION 
