SPX Flow (FLOW) Cut to Sell at ValuEngine

SPX Flow (NYSE:FLOW) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.

FLOW has been the topic of several other reports. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, September 11th. Barclays decreased their price target on SPX Flow from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 1st. Seaport Global Securities set a $45.00 price target on SPX Flow and gave the company a “buy” rating in a research report on Wednesday, October 31st. Buckingham Research decreased their price target on SPX Flow from $60.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, October 31st. Finally, TheStreet upgraded SPX Flow from a “c+” rating to a “b” rating in a research report on Friday, August 31st. 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 stock. The stock has an average rating of “Hold” and a consensus price target of $50.00.

Shares of SPX Flow stock opened at $34.22 on Wednesday. SPX Flow has a 52-week low of $33.01 and a 52-week high of $54.92. The stock has a market capitalization of $1.48 billion, a P/E ratio of 26.94, a PEG ratio of 0.38 and a beta of 2.43. The company has a current ratio of 1.62, a quick ratio of 1.12 and a debt-to-equity ratio of 0.79.

SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. SPX Flow had a return on equity of 9.59% and a net margin of 4.89%. The business had revenue of $530.30 million for the quarter, compared to analysts’ expectations of $521.01 million. During the same period in the previous year, the business posted $0.42 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that SPX Flow will post 2.28 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Advisory Inc. purchased a new position in shares of SPX Flow during the third quarter worth about $217,000. Russell Investments Group Ltd. grew its holdings in shares of SPX Flow by 205.2% during the second quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 2,891 shares in the last quarter. Aristotle Atlantic Partners LLC grew its holdings in shares of SPX Flow by 42.9% during the second quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 1,813 shares in the last quarter. Sei Investments Co. grew its holdings in shares of SPX Flow by 21.4% during the second quarter. Sei Investments Co. now owns 6,249 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,102 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of SPX Flow during the second quarter worth about $339,000. 87.16% of the stock is owned by institutional investors.

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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