SPX Flow Inc (FLOW) Given Consensus Recommendation of “Hold” by Brokerages

SPX Flow Inc (NYSE:FLOW) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $50.00.

Several research analysts recently issued reports on FLOW shares. Stifel Nicolaus reissued a “buy” rating and set a $62.00 target price (up from $55.00) on shares of SPX Flow in a research note on Tuesday, January 16th. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, January 23rd. Seaport Global Securities restated a “buy” rating on shares of SPX Flow in a report on Wednesday, November 1st. Barclays assumed coverage on shares of SPX Flow in a report on Thursday. They set an “equal weight” rating and a $50.00 price objective on the stock. Finally, Royal Bank of Canada restated a “hold” rating and set a $50.00 price objective on shares of SPX Flow in a report on Wednesday, February 7th.

Shares of SPX Flow (NYSE FLOW) traded up $0.21 during midday trading on Monday, reaching $46.84. 210,311 shares of the company traded hands, compared to its average volume of 321,516. The company has a market capitalization of $1,990.00 and a price-to-earnings ratio of 78.07. SPX Flow has a fifty-two week low of $31.06 and a fifty-two week 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. The business had revenue of $529.20 million for the quarter, compared to analyst estimates of $515.37 million. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. SPX Flow’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. equities analysts anticipate that SPX Flow will post 2.47 EPS for the current year.

In other news, insider David Adam Kowalski sold 24,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total value of $1,006,560.00. Following the completion of the sale, the insider now owns 118,033 shares in the company, valued at $4,950,304.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Kevin Eamigh sold 6,944 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the sale, the vice president now owns 43,013 shares of the company’s stock, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Tyers Asset Management LLC raised its holdings in shares of SPX Flow by 28.7% in the fourth quarter. Tyers Asset Management LLC now owns 4,900 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 1,092 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of SPX Flow by 6.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 1,100 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of SPX Flow by 28.7% in the fourth quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 1,326 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SPX Flow by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after purchasing an additional 1,890 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of SPX Flow by 0.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock valued at $20,880,000 after purchasing an additional 3,009 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

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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.

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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