SPX FLOW, Inc. (FLOW) Receives Average Rating of “Hold” from Brokerages
SPX FLOW, Inc. (NYSE:FLOW) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $32.67.
FLOW has been the topic of several recent research reports. Royal Bank Of Canada restated a “hold” rating and set a $35.00 price target on shares of SPX FLOW in a research report on Wednesday, April 12th. BidaskClub lowered SPX FLOW from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Credit Suisse Group restated a “sell” rating and set a $30.00 price target on shares of SPX FLOW in a research report on Wednesday, April 12th. Finally, Susquehanna Bancshares Inc upgraded SPX FLOW from a “neutral” rating to a “positive” rating in a research report on Tuesday.
Shares of SPX FLOW (NYSE:FLOW) traded up 1.81% during mid-day trading on Tuesday, reaching $34.94. The company had a trading volume of 106,008 shares. The stock has a 50 day moving average price of $36.97 and a 200 day moving average price of $35.87. SPX FLOW has a 12-month low of $22.34 and a 12-month high of $40.66. The firm has a market capitalization of $1.46 billion, a PE ratio of 291.17 and a beta of 2.68.
About SPX FLOW
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.
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