SPX Technologies (NYSE:SPXC) Price Target Cut to $260.00 by Analysts at Oppenheimer

Posted by Geri Gentry on Nov 2nd, 2026

SPX Technologies (NYSE:SPXC – Get Free Report) had its price target cut by research analysts at Oppenheimer from $265.00 to $260.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer‘s target price indicates a potential upside of 62.80% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SPXC. Weiss Ratings cut SPX Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. JPMorgan Chase & Co. lowered their price objective on shares of SPX Technologies from $282.00 to $225.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Vertical Research assumed coverage on shares of SPX Technologies in a research report on Monday, September 28th. They set a “buy” rating and a $215.00 target price on the stock. Citigroup restated a “buy” rating on shares of SPX Technologies in a report on Friday. Finally, Truist Financial reiterated a “buy” rating and set a $233.00 price objective (down from $266.00) on shares of SPX Technologies in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, SPX Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.36.

Read Our Latest Research Report on SPX Technologies

SPX Technologies Price Performance

Shares of NYSE SPXC traded down $0.24 during midday trading on Monday, reaching $159.71. 286,407 shares of the company were exchanged, compared to its average volume of 575,035. The stock’s 50-day moving average price is $178.60 and its 200-day moving average price is $207.51. The stock has a market cap of $8.00 billion, a P/E ratio of 27.12, a PEG ratio of 1.04 and a beta of 1.26. SPX Technologies has a one year low of $148.17 and a one year high of $251.08. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.51.

SPX Technologies (NYSE:SPXC – Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.12 by $0.09. SPX Technologies had a net margin of 11.48% and a return on equity of 16.96%. The business had revenue of $714.50 million for the quarter, compared to the consensus estimate of $710.38 million. During the same period last year, the company earned $1.84 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts anticipate that SPX Technologies will post 8.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPX Technologies

A number of hedge funds have recently bought and sold shares of the business. Covestor Ltd grew its position in SPX Technologies by 1,063.0% in the 3rd quarter. Covestor Ltd now owns 2,233 shares of the company’s stock worth $379,000 after purchasing an additional 2,041 shares during the period. Provenance Wealth Advisors LLC bought a new stake in SPX Technologies during the third quarter valued at about $354,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of SPX Technologies by 81.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 6,000 shares of the company’s stock worth $1,017,000 after buying an additional 2,700 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in SPX Technologies by 13.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,332 shares of the company’s stock worth $1,243,000 after acquiring an additional 855 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of SPX Technologies by 18.3% in the 3rd quarter. Segment Wealth Management LLC now owns 12,025 shares of the company’s stock worth $2,039,000 after buying an additional 1,858 shares during the last quarter. Hedge funds and other institutional investors own 92.82% of the company’s stock.

About SPX Technologies

(Get Free Report)

SPX Technologies, Inc (NYSE:SPXC) is a diversified industrial technology company that develops and manufactures engineered products and solutions for the heating, ventilation, air conditioning and infrastructure markets. The company serves commercial, industrial and residential customers through specialized technologies designed to support building climate control, utility infrastructure and related applications.

SPX Technologies operates through two primary business segments: HVAC and Detection & Measurement.