SPX FLOW, Inc. (FLOW) Given Buy Rating at Seaport Global Securities
SPX FLOW, Inc. (NYSE:FLOW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Seaport Global Securities in a research report issued to clients and investors on Wednesday.
FLOW has been the topic of a number of other reports. BidaskClub lowered SPX FLOW from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Susquehanna Bancshares Inc raised SPX FLOW from a “neutral” rating to a “positive” rating in a research note on Tuesday, August 8th. Finally, Stifel Nicolaus lifted their price objective on SPX FLOW from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.00.
Shares of SPX FLOW (NYSE FLOW) traded up $0.51 during mid-day trading on Wednesday, hitting $41.52. The stock had a trading volume of 206,369 shares, compared to its average volume of 178,873. SPX FLOW has a 12-month low of $23.80 and a 12-month high of $43.26. The firm has a market capitalization of $1,760.00 and a price-to-earnings ratio of 34.17. The company has a quick ratio of 1.14, a current ratio of 1.67 and a debt-to-equity ratio of 1.06.
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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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