An issue of Spx Flow (NYSE:FLOW) bonds fell 1.5% as a percentage of their face value during trading on Tuesday. The debt issue has a 5.875% coupon and is set to mature on August 15, 2026. The bonds in the issue are now trading at $100.50. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.
A number of equities research analysts have recently weighed in on FLOW shares. Stifel Nicolaus raised their price target on Spx Flow from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 16th. Robert W. Baird reaffirmed a “buy” rating and set a $61.00 price target on shares of Spx Flow in a research note on Wednesday, April 4th. ValuEngine raised Spx Flow from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Spx Flow from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, January 23rd. Finally, Barclays started coverage on Spx Flow in a research note on Thursday, February 15th. They set an “equal weight” rating and a $50.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.67.
Shares of Spx Flow traded down $0.04, reaching $44.13, during trading on Thursday, MarketBeat.com reports. The company had a trading volume of 202 shares, compared to its average volume of 285,564. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.53. Spx Flow has a one year low of $44.05 and a one year high of $44.58. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 0.45 and a beta of 1.96.
Spx Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. Spx Flow had a return on equity of 7.71% and a net margin of 3.45%. The business had revenue of $490.30 million for the quarter, compared to the consensus estimate of $479.60 million. During the same period last year, the business earned ($0.01) EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. analysts forecast that Spx Flow will post 2.47 EPS for the current fiscal year.
In related news, VP Jaime Manson Easley sold 4,665 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total value of $227,558.70. Following the transaction, the vice president now directly owns 10,184 shares of the company’s stock, valued at approximately $496,775.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of FLOW. Amundi Pioneer Asset Management Inc. bought a new position in shares of Spx Flow in the 4th quarter valued at approximately $202,000. SG Americas Securities LLC bought a new position in shares of Spx Flow in the 1st quarter valued at approximately $206,000. Elkfork Partners LLC bought a new position in shares of Spx Flow in the 4th quarter valued at approximately $233,000. Sei Investments Co. raised its stake in shares of Spx Flow by 1,203.0% in the 1st quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 4,752 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Spx Flow in the 4th quarter worth approximately $254,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
Spx Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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