4 Analysts Have This To Say About Standex International
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Standex International (NYSE:SXI), showing a positive shift with three bullish and one somewhat bullish ratings. The average 12-month price target has been raised to $195.00, up 9.35% from the previous $178.33, indicating analysts' increased optimism about the company's performance. Standex International, a US-based firm operating in various commercial and industrial markets, has shown strong financial indicators such as a high net margin and ROE, despite facing revenue challenges and a market capitalization below industry averages.
May 06, 2024 | 5:00 pm
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Standex International has received positive analyst ratings, with an updated average 12-month price target of $195.00, reflecting a 9.35% increase from previous targets. Despite revenue challenges, the company's strong financial performance indicators like high net margin and ROE suggest a positive outlook.
The increase in the average price target and positive analyst ratings indicate a bullish sentiment towards Standex International. The company's strong financial metrics, such as high net margin and ROE, despite revenue challenges, support the potential for stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100