SPX Flow Inc (FLOW) Receives Average Rating of “Hold” from Brokerages
SPX Flow Inc (NYSE:FLOW) has been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.63.
Separately, Zacks Investment Research upgraded shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Thursday, August 4th.
SPX Flow (NYSE:FLOW) traded down 0.47% during trading on Wednesday, reaching $27.50. 238,971 shares of the company’s stock traded hands. The company has a 50 day moving average price of $29.27 and a 200-day moving average price of $28.15. SPX Flow has a 12-month low of $14.85 and a 12-month high of $38.40. The company’s market cap is $1.15 billion.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The firm had revenue of $528.80 million for the quarter, compared to analyst estimates of $64.15 million. During the same period in the prior year, the business posted $1.15 EPS. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, equities research analysts forecast that SPX Flow will post $0.15 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. PineBridge Investments L.P. raised its stake in SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock worth $138,000 after buying an additional 200 shares during the period. Invictus RG acquired a new stake in SPX Flow during the second quarter worth about $147,000. Teacher Retirement System of Texas raised its stake in SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock worth $151,000 after buying an additional 1,238 shares during the period. First Mercantile Trust Co. acquired a new stake in SPX Flow during the third quarter worth about $152,000. Finally, AXA acquired a new stake in SPX Flow during the second quarter worth about $177,000. Institutional investors own 83.41% of the company’s stock.
SPX Flow Company Profile
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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