Equities research analysts at Wolfe Research initiated coverage on shares of SPX Flow (NYSE:FLOW) in a report issued on Wednesday, The Fly reports. The firm set a “market perform” rating on the industrial products company’s stock.
FLOW has been the topic of a number of other reports. ValuEngine upgraded SPX Flow from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Stifel Nicolaus raised their price target on SPX Flow from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 16th. Robert W. Baird restated a “buy” rating and issued a $61.00 price target on shares of SPX Flow in a research note on Wednesday, April 4th. Zacks Investment Research cut SPX Flow from a “buy” rating to a “hold” rating in a research note on Monday, March 19th. Finally, Vertical Research cut SPX Flow from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $54.67.
Shares of SPX Flow opened at $45.40 on Wednesday, according to Marketbeat.com. The firm has a market capitalization of $1.88 billion, a PE ratio of 35.75 and a beta of 1.93. 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 12-month low of $31.10 and a 12-month high of $54.92.
SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Wednesday, May 2nd. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the 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 analysts’ expectations of $479.60 million. During the same period last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. analysts anticipate that SPX Flow will post 2.49 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of FLOW. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SPX Flow during the fourth quarter worth about $202,000. SG Americas Securities LLC acquired a new stake in shares of SPX Flow during the first quarter worth about $206,000. Elkfork Partners LLC acquired a new stake in shares of SPX Flow during the fourth quarter worth about $233,000. Sei Investments Co. increased its position in shares of SPX Flow by 1,203.0% during the first quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 4,752 shares in the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of SPX Flow during the fourth quarter worth about $257,000. Institutional investors and hedge funds own 87.11% of the company’s stock.
About SPX Flow
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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