SPX Flow Inc (FLOW) Given Consensus Rating of “Hold” by Analysts

Shares of SPX Flow Inc (NYSE:FLOW) have been assigned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $50.00.

A number of analysts have commented on the company. Seaport Global Securities restated a “buy” rating on shares of SPX Flow in a research report on Wednesday, November 1st. UBS Group cut SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus reduced their price target on SPX Flow from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Robert W. Baird upped their price target on SPX Flow from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th.

In other news, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the completion of the transaction, the vice president now owns 43,013 shares of the company’s stock, valued at $1,964,403.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total value of $1,006,560.00. Following the completion of the transaction, the insider now directly owns 118,033 shares of the company’s stock, valued at approximately $4,950,304.02. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLOW. CIBC Asset Management Inc bought a new position in shares of SPX Flow in the fourth quarter worth about $254,000. Teacher Retirement System of Texas bought a new position in shares of SPX Flow in the fourth quarter worth about $673,000. Louisiana State Employees Retirement System boosted its stake in shares of SPX Flow by 6.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock worth $865,000 after acquiring an additional 1,100 shares during the period. Convergence Investment Partners LLC bought a new position in shares of SPX Flow in the fourth quarter worth about $1,190,000. Finally, Stifel Financial Corp boosted its stake in shares of SPX Flow by 69.5% in the third quarter. Stifel Financial Corp now owns 35,770 shares of the industrial products company’s stock worth $1,379,000 after acquiring an additional 14,662 shares during the period. 86.98% of the stock is owned by hedge funds and other institutional investors.

Shares of SPX Flow (FLOW) opened at $45.40 on Monday. The company has a market capitalization of $1,929.18, a price-to-earnings ratio of 42.04, a P/E/G ratio of 0.61 and a beta of 2.43. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.89. SPX Flow has a 1 year low of $31.06 and a 1 year high of $49.50.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. SPX Flow’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. equities analysts forecast that SPX Flow will post 2.47 EPS for the current year.

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SPX Flow Company Profile

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.

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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