Apergy (NYSE:APY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage currently has a $49.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 15.43% from the stock’s previous close.

According to Zacks, “Apergy Corporation provides engineered equipment and technologies. The company’s Production and Automation offerings consist of 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 a full automation offering consisting of equipment, software and Industrial Internet of Things solutions for downhole monitoring, wellsite productivity enhancement and asset integrity management. Apergy Corporation is based in United States. “

Other analysts have also recently issued research reports about the stock. Citigroup increased their price target on shares of Apergy from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, July 11th. Jefferies Financial Group assumed coverage on shares of Apergy in a research note on Tuesday, July 17th. They set a “buy” rating and a $50.00 price target for the company. Wolfe Research assumed coverage on shares of Apergy in a research note on Wednesday. They set an “outperform” rating for the company. Finally, Cowen increased their price target on shares of Apergy from $37.00 to $39.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 7th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Apergy has a consensus rating of “Buy” and a consensus price target of $46.50.

Shares of NYSE:APY opened at $42.45 on Thursday. 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 has a 1-year low of $33.35 and a 1-year high of $46.11.

Apergy (NYSE:APY) last issued its quarterly earnings results on Thursday, July 26th. The company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.02). The company had revenue of $305.93 million for the quarter, compared to analysts’ expectations of $296.70 million. On average, equities analysts forecast that Apergy will post 1.42 EPS for the current year.

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new stake in Apergy during the 2nd quarter worth $105,000. Trust Co. of Vermont acquired a new stake in shares of Apergy in the 2nd quarter worth $114,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Apergy in the 2nd quarter worth $119,000. Endurance Wealth Management Inc. acquired a new stake in shares of Apergy in the 3rd quarter worth $119,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Apergy in the 2nd quarter worth $122,000. Hedge funds and other institutional investors own 93.11% of the company’s stock.

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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