Shares of Apergy Corp (NYSE:APY) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.50.
APY has been the topic of a number of recent research reports. ValuEngine lowered Apergy from a “buy” rating to a “hold” rating in a report on Monday, March 9th. Zacks Investment Research downgraded Apergy from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI downgraded Apergy to a “hold” rating in a report on Tuesday, March 17th. Cowen boosted their price target on Apergy from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Co boosted their price target on Apergy from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, December 20th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Duncker Streett & Co. Inc. bought a new stake in Apergy during the fourth quarter valued at $47,000. Meeder Asset Management Inc. boosted its stake in Apergy by 49.1% during the fourth quarter. Meeder Asset Management Inc. now owns 1,756 shares of the company’s stock valued at $59,000 after buying an additional 578 shares during the period. Allred Capital Management LLC bought a new stake in Apergy during the fourth quarter valued at $75,000. IFP Advisors Inc lifted its stake in Apergy by 69.6% during the fourth quarter. IFP Advisors Inc now owns 2,252 shares of the company’s stock worth $76,000 after purchasing an additional 924 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in Apergy during the fourth quarter worth about $81,000. Institutional investors and hedge funds own 96.69% of the company’s stock.
Apergy (NYSE:APY) last released its earnings results on Monday, February 24th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Apergy had a return on equity of 8.05% and a net margin of 5.11%. The firm had revenue of $247.75 million during the quarter, compared to the consensus estimate of $257.00 million. As a group, research analysts anticipate that Apergy will post 0.34 EPS for the current year.
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through two segments, Production & Automation Technologies and Drilling Technologies. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts; and automation and digital equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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