Media stories about SPX Flow (NYSE:FLOW) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SPX Flow earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.5114163007408 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several research firms have recently weighed in on FLOW. Wolfe Research lowered SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Seaport Global Securities reissued a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus raised their price objective on SPX Flow from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of SPX Flow (FLOW) traded up $0.54 during trading on Friday, hitting $48.37. The stock had a trading volume of 198,059 shares, compared to its average volume of 235,799. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 1.06. SPX Flow has a 1-year low of $31.06 and a 1-year high of $48.75. The firm has a market capitalization of $2,050.00 and a PE ratio of 91.26.
In related news, insider David Adam Kowalski sold 24,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the completion of the sale, the insider now directly owns 118,033 shares in the company, valued at $4,950,304.02. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kevin Eamigh sold 6,944 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the sale, the vice president now owns 43,013 shares of the company’s stock, valued at $1,964,403.71. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
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About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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