How to Buy Idex Stock
Idex Corp
Idex is a specialty industrial machinery company located in Illinois, United States, which is part of the Industrials sector, and is traded under the ticker IEX on the NYSE exchange.
Idex stock last closed at $208.58, down 1.19% from the previous day, and has increased 0.21% in one year. It has underperformed other stocks in the Specialty Industrial Machinery industry by 0.28 percentage points. Idex stock is currently +13.5% from its 52-week low of $183.77, and -15.34% from its 52-week high of $246.36.
At the moment, there are 75.7M IEX shares outstanding. The market cap of IEX is $15.79B. In the last 24 hours, 435,853 IEX shares were traded.
How to Buy Idex Stock
Not sure how to invest in Idex stock? Here's how.
- Decide where to buy Idex stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Idex stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your details.
- Research Idex stock: The Idex ticker symbol is IEX. Is Idex stock a good investment? Should you buy shares of IEX? How do IEX's underlying business fundamentals look? Do top analysts think Idex is a good buy? Why has IEX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if IEX is a good stock to buy).
- Make your IEX buy order: Decide if you will purchase IEX shares at the current market price or use a limit order to purchase IEX stock at a particular price.
- Get notifications regarding your investment in IEX: Create a watchlist to keep tabs on your position in Idex shares.
Step 1: Decide where to buy Idex stock
You need a brokerage account in order to access the NYSE market and buy IEX shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the right brokerage, you'll need to fill out some personal information so you are able to invest in IEX stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on investing apps, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Research Idex stock
After you have figured out the best place to buy Idex stock, it's critical to evaluate their stock prior to investing, so you truly understand the risk and opportunity.
Idex Metrics
Idex Due Diligence Checks
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on IEX's stock page.
What is the fair value of IEX stock?
You can use many financial metrics, analyses, models, and charts to gauge IEX's true value.
Using relative valuations measures:
- IEX may be undervalued based on its P/E ratio of 27.27x, relative to Specialty Industrial Machinery industry P/E ratio of -59.39x
- IEX may be undervalued based on its P/B ratio of 4.32x, relative to Specialty Industrial Machinery industry P/B ratio of 5.64x
- IEX could be overvalued based on its PEG ratio of 4.11x
You can access additional valuation analysis on IEX's stock here.
IEX Financial Health
Passed Health Checks:
- IEX profit margin has gone up from 17.7% to 18.2% in the past year.
- IEX earnings of $779.10M is not sufficient to cover its interest payments.
- Total IEX debt is lower than 5 years ago, relative to shareholder equity.
- IEX's operating cash flow of $717.80M allows it to safely service it's debt of $1.30B.
- There are more short-term assets than short-term liabilities on the IEX balance sheet.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the IEX balance sheet.
- IEX has a relatively high debt to equity ratio of 0.62.
Is Idex stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 Wall Street analysts who track IEX, the consensus analyst rating on IEX is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest IEX Analyst Forecasts
Nathan Jones, a top 1% analyst from Stifel Nicolaus maintains IEX with a strong buy rating and lowers their IEX price target from $265.00 to $236.00, on Jul 18, 2024.
Vladimir Bystricky, a top 34% analyst from Citigroup maintains IEX with a strong buy rating and raises their IEX price target from $254.00 to $277.00, on Apr 8, 2024.
You can dig deeper into what analysts are saying on the Idex stock forecast page.
IEX Trading Indicators
IEX Performance Numbers
Last year, IEX earnings were $580.40M. During the past 5 year, IEX's earnings have gone up by 6.29% per year. This was faster than the Specialty Industrial Machinery industry average of -3.32%.
Last year, IEX revenue was $3.19B. During the last five year, IEX's revenue has grown by 4.98% per year. This was faster than the Specialty Industrial Machinery industry average of 4.67%.
Find out more about IEX's earnings and revenue performance here.
Latest Insiders Trades at IEX
In the last year, insiders at IEX have bought more shares than they have sold.
Lisa M. Anderson, SVP General Counsel Corp Sec of IEX, was the latest IEX insider to sell. They sold $23,150.94 worth of IEX stock on Feb 13, 2024.
Research more about who owns IEX shares here.
Does IEX provide a stable income stream?
Idex pays a dividend of 1.28%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.26%. If you owned $1,000 worth of IEX stock, you would have been paid $12.75 in the past year.
Idex dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Idex dividend yield and history here.
Get analysis from other traders
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your IEX buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Press the Open button and eToro will execute your order.
If you want additional help investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in IEX
Now that you own some shares in IEX, you'll want to keep up with your investment.
Create a watchlist to track your IEX stock.
IEX Feed
How to Buy Stock in Idex
To summarize, here are the 6 steps to buy Idex stock:
- Decide where to buy Idex stock
- Create your brokerage account
- Deposit funds into your investment account
- Research Idex stock
- Make your IEX buy order
- Get notifications regarding your investment in IEX
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your investment in Idex, hit the button below to create your watchlist.
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