SPX Flow (NYSE:FLOW) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of SPX Flow (NYSE:FLOW) from a hold rating to a buy rating in a research note released on Wednesday, ValuEngine reports.

Other analysts also recently issued research reports about the stock. Buckingham Research boosted their price objective on shares of SPX Flow from $45.00 to $53.00 and gave the stock a buy rating in a research report on Monday, November 4th. TheStreet upgraded shares of SPX Flow from a c+ rating to a b- rating in a research report on Wednesday, October 30th. Barclays set a $40.00 price objective on shares of SPX Flow and gave the stock a hold rating in a research report on Friday, November 1st. Seaport Global Securities downgraded shares of SPX Flow from a buy rating to a neutral rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research upgraded shares of SPX Flow from a strong sell rating to a hold rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. SPX Flow presently has a consensus rating of Hold and an average price target of $41.25.

SPX Flow stock traded up $0.20 during trading on Wednesday, reaching $46.03. The stock had a trading volume of 240,303 shares, compared to its average volume of 264,433. SPX Flow has a 52-week low of $27.23 and a 52-week high of $47.92. The business has a 50 day moving average price of $40.04 and a 200 day moving average price of $38.12. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.96 billion, a PE ratio of 19.84, a P/E/G ratio of 2.67 and a beta of 2.13.

SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.12. The company had revenue of $383.50 million during the quarter, compared to the consensus estimate of $365.37 million. SPX Flow had a net margin of 1.30% and a return on equity of 9.06%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, equities analysts predict that SPX Flow will post 1.88 EPS for the current fiscal year.

Several large investors have recently modified their holdings of FLOW. Impax Asset Management Group plc increased its holdings in shares of SPX Flow by 2.9% in the 2nd quarter. Impax Asset Management Group plc now owns 1,853,675 shares of the industrial products company’s stock valued at $77,595,000 after acquiring an additional 52,952 shares during the period. FMR LLC increased its holdings in shares of SPX Flow by 1.4% in the 1st quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock valued at $32,051,000 after acquiring an additional 13,672 shares during the period. Robecosam AG increased its holdings in shares of SPX Flow by 21.6% in the 3rd quarter. Robecosam AG now owns 766,910 shares of the industrial products company’s stock valued at $30,615,000 after acquiring an additional 136,310 shares during the period. Newport Trust Co acquired a new position in shares of SPX Flow in the 2nd quarter valued at $31,839,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of SPX Flow in the 2nd quarter valued at $28,111,000. Institutional investors and hedge funds own 89.94% of the company’s stock.

SPX Flow Company Profile

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

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