Spirax-Sarco Engineering (OTCMKTS:SPXSF) Lowered to “Hold” at Zacks Investment Research

Spirax-Sarco Engineering (OTCMKTS:SPXSF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.

According to Zacks, “Spirax-Sarco Engineering plc is a multi-national engineering group. The company’s business segment consists of Spirax Sarco for steam specialties and Watson-Marlow for niche peristaltic pumps and associated fluid path technologies. Spirax-Sarco Engineering plc is headquartered in Cheltenham, the United Kingdom. “

Other equities research analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an “equal weight” rating on shares of Spirax-Sarco Engineering in a report on Monday, October 12th. UBS Group reaffirmed a “neutral” rating on shares of Spirax-Sarco Engineering in a report on Thursday, October 15th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Spirax-Sarco Engineering currently has an average rating of “Hold” and an average target price of $163.00.

Shares of SPXSF opened at $155.45 on Friday. Spirax-Sarco Engineering has a 1 year low of $90.50 and a 1 year high of $155.45. The company has a current ratio of 2.25, a quick ratio of 1.68 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $153.86 and a 200-day simple moving average of $141.30. The stock has a market cap of $11.45 billion, a PE ratio of 45.99 and a beta of 0.85.

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for the users of industrial and commercial steam systems, electrical heating and temperature management systems, and pumps and fluid path technologies. It offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating and curing, cleaning and sterilizing, hot water generation, space heating, and humidification; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies; and peristaltic and niche pumps and associated fluid path technologies, including pumps, tubing, and specialty filling systems and products for single-use applications.

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