SPX Flow Inc (NYSE:FLOW) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $50.00.
Several brokerages have commented on FLOW. Stifel Nicolaus cut their price objective on SPX Flow from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Robert W. Baird upped their price objective on SPX Flow from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Barclays began coverage on SPX Flow in a research report on Thursday, February 15th. They issued an “equal weight” rating and a $50.00 price objective on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of SPX Flow in a research report on Wednesday, February 7th. Finally, Zacks Investment Research raised SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Tuesday, January 23rd.
In other news, VP Jaime Manson Easley sold 4,665 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total transaction of $227,558.70. Following the transaction, the vice president now owns 10,184 shares of the company’s stock, valued at approximately $496,775.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of FLOW. Stifel Financial Corp grew its position in shares of SPX Flow by 69.5% during the 3rd quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after buying an additional 14,662 shares in the last quarter. Spitfire Capital LLC grew its position in shares of SPX Flow by 3.5% during the 3rd quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after buying an additional 8,884 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of SPX Flow by 21.5% during the 3rd quarter. GSA Capital Partners LLP now owns 72,562 shares of the industrial products company’s stock worth $2,798,000 after buying an additional 12,818 shares in the last quarter. Louisiana State Employees Retirement System grew 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 worth $865,000 after buying an additional 1,100 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of SPX Flow during the 4th quarter worth $1,190,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.
SPX Flow (FLOW) traded down $0.93 during midday trading on Friday, hitting $53.52. The stock had a trading volume of 364,880 shares, compared to its average volume of 316,004. The company has a market cap of $2,292.06, a P/E ratio of 49.56, a P/E/G ratio of 0.54 and a beta of 2.05. The company has a current ratio of 1.55, a quick ratio of 1.11 and a debt-to-equity ratio of 0.89. SPX Flow has a 52-week low of $31.10 and a 52-week high of $54.80.
SPX Flow (NYSE:FLOW) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $529.20 million for the quarter, compared to the consensus estimate of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. research analysts expect that SPX Flow will post 2.47 EPS for the current fiscal year.
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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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