Wolfe Research Lowers SPX FLOW, Inc. (FLOW) to Underperform
SPX FLOW, Inc. (NYSE:FLOW) was downgraded by investment analysts at Wolfe Research from a “market perform” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.
Several other equities analysts have also recently weighed in on the company. BidaskClub cut SPX FLOW from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Seaport Global Securities reiterated a “buy” rating on shares of SPX FLOW in a research report on Wednesday, November 1st. Stifel Nicolaus lifted their price target on SPX FLOW from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. Finally, Susquehanna Bancshares Inc upgraded SPX FLOW from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of SPX FLOW (NYSE:FLOW) traded up $0.27 during midday trading on Monday, hitting $42.03. The stock had a trading volume of 113,600 shares, compared to its average volume of 187,366. The stock has a market capitalization of $1,781.87, a PE ratio of 35.03, a PEG ratio of 1.17 and a beta of 2.77. SPX FLOW has a one year low of $29.55 and a one year high of $43.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67.
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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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