SPX FLOW, Inc. (NYSE:FLOW) Upgraded to “Positive” by Susquehanna Bancshares Inc
SPX FLOW, Inc. (NYSE:FLOW) was upgraded by investment analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a research report issued on Tuesday, StockTargetPrices.com reports.
A number of other research firms also recently issued reports on FLOW. BidaskClub downgraded shares of SPX FLOW from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Credit Suisse Group reaffirmed a “sell” rating and set a $30.00 price objective on shares of SPX FLOW in a report on Wednesday, April 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $35.00 price objective on shares of SPX FLOW in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. SPX FLOW presently has an average rating of “Hold” and a consensus target price of $32.00.
SPX FLOW (NYSE:FLOW) traded up 1.72% during mid-day trading on Tuesday, reaching $34.91. 78,004 shares of the company’s stock traded hands. SPX FLOW has a 12 month low of $22.34 and a 12 month high of $40.66. The stock has a market cap of $1.46 billion, a P/E ratio of 290.92 and a beta of 2.68. The company has a 50 day moving average price of $36.97 and a 200-day moving average price of $35.87.
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Several institutional investors have recently modified their holdings of FLOW. Jennison Associates bought a new position in shares of SPX FLOW during the third quarter worth $11,763,000. Water Island Capital bought a new position in shares of SPX FLOW during the third quarter worth $6,331,000. Acadian Asset Management bought a new position in shares of SPX FLOW during the fourth quarter worth $6,539,000. Aperio Group LLC increased its position in shares of SPX FLOW by 84.6% in the first quarter. Aperio Group LLC now owns 71,822 shares of the industrial products company’s stock worth $1,801,000 after buying an additional 32,911 shares during the period. Finally, Pacad Investment Ltd. increased its position in shares of SPX FLOW by 39.7% in the first quarter. Pacad Investment Ltd. now owns 11,599 shares of the industrial products company’s stock worth $291,000 after buying an additional 3,299 shares during the period. 85.76% of the stock is currently owned by institutional investors.
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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