SPX Flow Inc (FLOW) Receives $54.60 Consensus Price Target from Brokerages

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SPX Flow Inc (NYSE:FLOW) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $54.60.

FLOW has been the subject of a number of research analyst reports. Vertical Research downgraded SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, April 16th. Zacks Investment Research downgraded SPX Flow from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. ValuEngine downgraded SPX Flow from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $61.00 price target on shares of SPX Flow in a research report on Wednesday, April 4th. Finally, Stifel Nicolaus increased their price target on SPX Flow from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, April 16th.

A number of large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its holdings in shares of SPX Flow by 2.8% in the first quarter. Comerica Bank now owns 44,652 shares of the industrial products company’s stock worth $2,251,000 after acquiring an additional 1,232 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of SPX Flow by 24.0% in the first quarter. Xact Kapitalforvaltning AB now owns 6,709 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 1,300 shares during the period. Flinton Capital Management LLC boosted 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 worth $283,000 after acquiring an additional 1,326 shares during the period. Guggenheim Capital LLC boosted its holdings in shares of SPX Flow by 4.1% in the first quarter. Guggenheim Capital LLC now owns 37,189 shares of the industrial products company’s stock worth $1,831,000 after acquiring an additional 1,467 shares during the period. Finally, Bank of New York Mellon Corp boosted 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 worth $22,408,000 after acquiring an additional 1,890 shares during the period. 87.11% of the stock is owned by institutional investors and hedge funds.

Shares of SPX Flow traded up $0.80, hitting $44.64, on Friday, Marketbeat reports. The company had a trading volume of 504,600 shares, compared to its average volume of 273,311. The company has a market cap of $1.93 billion, a PE ratio of 34.52 and a beta of 1.93. SPX Flow has a 1 year low of $31.10 and a 1 year high of $54.92. The company has a quick ratio of 1.06, a current ratio of 1.53 and a debt-to-equity ratio of 0.81.

SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The company had revenue of $490.30 million during the quarter, compared to the consensus estimate of $479.60 million. SPX Flow had a return on equity of 7.71% and a net margin of 3.45%. SPX Flow’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted ($0.01) earnings per share. research analysts anticipate that SPX Flow will post 2.49 EPS for the current year.

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.

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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