SPX Flow Inc. (FLOW) Given Average Rating of “Hold” by Brokerages
Shares of SPX Flow Inc. (NYSE:FLOW) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $29.63.
Separately, Zacks Investment Research cut shares of SPX Flow from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th.
Several large investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its position in shares of SPX Flow by 48.3% in the second quarter. Prudential Financial Inc. now owns 1,078,601 shares of the company’s stock worth $28,119,000 after buying an additional 351,173 shares during the last quarter. Aperio Group LLC increased its position in shares of SPX Flow by 84.6% in the first quarter. Aperio Group LLC now owns 71,822 shares of the company’s stock worth $1,801,000 after buying an additional 32,911 shares during the last quarter. Synovus Financial Corp increased its position in shares of SPX Flow by 0.7% in the second quarter. Synovus Financial Corp now owns 10,713 shares of the company’s stock worth $281,000 after buying an additional 70 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of SPX Flow during the second quarter worth about $346,000. Finally, Swiss National Bank increased its position in shares of SPX Flow by 12.9% in the second quarter. Swiss National Bank now owns 66,718 shares of the company’s stock worth $1,739,000 after buying an additional 7,600 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.
Shares of SPX Flow (NYSE:FLOW) opened at 27.77 on Thursday. SPX Flow has a 1-year low of $14.85 and a 1-year high of $38.71. The company’s market capitalization is $1.16 billion. The firm has a 50-day moving average of $29.30 and a 200 day moving average of $28.15.
SPX Flow (NYSE:FLOW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company earned $528.80 million during the quarter, compared to analysts’ expectations of $64.15 million. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. SPX Flow’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. On average, analysts anticipate that SPX Flow will post $0.15 EPS for the current year.
About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. The Company engineers, designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services.
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