Shares of SPX Flow Inc (NYSE:FLOW) have earned an average rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $50.00.
FLOW has been the subject of several research analyst reports. UBS Group cut shares of SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 target price for the company. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and issued a $62.00 target price (up previously from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. Wolfe Research cut shares of SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, January 23rd. Finally, Seaport Global Securities reiterated a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st.
Shares of SPX Flow (FLOW) traded up $0.21 during trading on Monday, hitting $46.84. 210,311 shares of the stock traded hands, compared to its average volume of 387,414. SPX Flow has a fifty-two week low of $31.06 and a fifty-two week high of $49.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.11 and a current ratio of 1.55. The firm has a market cap of $1,981.44, a PE ratio of 43.37, a price-to-earnings-growth ratio of 0.47 and a beta of 2.43.
In other SPX Flow news, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the transaction, the vice president now owns 43,013 shares in the company, valued at approximately $1,964,403.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the transaction, the insider now 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. 3.00% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. purchased a new position in SPX Flow during the 4th quarter worth $202,000. Tyers Asset Management LLC raised its position in SPX Flow by 28.7% during the 4th quarter. Tyers Asset Management LLC now owns 4,900 shares of the industrial products company’s stock worth $233,000 after buying an additional 1,092 shares during the last quarter. CIBC Asset Management Inc purchased a new position in SPX Flow during the 4th quarter worth $254,000. Flinton Capital Management LLC raised its position in SPX Flow by 28.7% during the 4th quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock worth $283,000 after buying an additional 1,326 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC purchased a new position in SPX Flow during the 4th quarter worth $488,000. Institutional investors own 86.69% of the company’s stock.
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.
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