Shares of Apergy Corp (NYSE:APY) have earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $46.67.
A number of brokerages have issued reports on APY. Citigroup upped their target price on Apergy from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Cowen began coverage on Apergy in a research report on Wednesday, May 30th. They issued a “market perform” rating on the stock. Jefferies Financial Group began coverage on Apergy in a research report on Tuesday, July 17th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Zacks Investment Research raised Apergy from a “sell” rating to a “hold” rating in a research report on Monday, August 6th.
Several institutional investors and hedge funds have recently made changes to their positions in APY. Envestnet Asset Management Inc. bought a new stake in shares of Apergy in the 2nd quarter valued at approximately $105,000. Trust Co. of Vermont bought a new stake in shares of Apergy in the 2nd quarter valued at approximately $114,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of Apergy in the 2nd quarter valued at approximately $119,000. CIBC Private Wealth Group LLC bought a new stake in shares of Apergy in the 2nd quarter valued at approximately $122,000. Finally, Asset Advisors Corp bought a new stake in shares of Apergy in the 2nd quarter valued at approximately $125,000. 93.11% of the stock is currently owned by institutional investors.
Shares of APY traded down $0.69 during trading on Wednesday, reaching $44.10. The company’s stock had a trading volume of 422,900 shares, compared to its average volume of 1,107,229. Apergy has a twelve month low of $33.35 and a twelve month high of $46.11. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.75.
Apergy (NYSE:APY) last announced its earnings results on Thursday, July 26th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The business had revenue of $305.93 million during the quarter, compared to the consensus estimate of $296.70 million. equities analysts forecast that Apergy will post 1.42 EPS for the current year.
Apergy Company Profile
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. 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, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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