SPX Flow (NYSE:FLOW) had its price target trimmed by Stifel Nicolaus from $62.00 to $60.00 in a research note published on Wednesday, February 7th, MarketBeat Ratings reports. The brokerage currently has a buy rating on the industrial products company’s stock.
Other equities analysts have also issued research reports about the stock. Robert W. Baird increased their target price on shares of SPX Flow from $52.00 to $54.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Royal Bank of Canada restated a hold rating and issued a $50.00 price objective on shares of SPX Flow in a research report on Wednesday, February 7th. Zacks Investment Research upgraded shares of SPX Flow from a hold rating to a buy rating and set a $55.00 price objective for the company in a research report on Tuesday, January 23rd. UBS Group lowered shares of SPX Flow from a buy rating to a neutral rating and set a $51.00 target price for the company. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Seaport Global Securities reiterated a buy rating on shares of SPX Flow in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $50.00.
SPX Flow (FLOW) traded down $0.22 during trading hours on Wednesday, hitting $46.78. 8,373 shares of the stock were exchanged, compared to its average volume of 296,714. The company has a market cap of $1,972.09, a price-to-earnings ratio of 43.55, a P/E/G ratio of 0.47 and a beta of 2.43. SPX Flow has a 12 month low of $31.06 and a 12 month high of $49.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.55.
SPX Flow (NYSE:FLOW) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. The business had revenue of $529.20 million for the quarter, compared to analyst estimates of $515.37 million. During the same period in the prior year, the firm earned $0.46 earnings per share. SPX Flow’s revenue was up 6.8% on a year-over-year basis. equities analysts expect that SPX Flow will post 2.47 EPS for the current year.
In related news, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $45.67, for a total value of $317,132.48. Following the transaction, the vice president now owns 43,013 shares in the company, valued at approximately $1,964,403.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 118,033 shares in the company, valued at approximately $4,950,304.02. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. bought a new position in SPX Flow in the 4th quarter worth approximately $202,000. CIBC Asset Management Inc bought a new position in shares of SPX Flow during the 4th quarter valued at approximately $254,000. Aristotle Atlantic Partners LLC bought a new position in shares of SPX Flow during the 4th quarter valued at approximately $488,000. Teacher Retirement System of Texas bought a new position in shares of SPX Flow during the 4th quarter valued at approximately $673,000. Finally, Louisiana State Employees Retirement System boosted its position in shares of SPX Flow by 6.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after acquiring an additional 1,100 shares during the last quarter. 86.69% of the stock is owned by institutional investors.
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SPX Flow Company Profile
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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