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.
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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