SPX Flow Inc. (FLOW) Receives Average Rating of “Hold” from Analysts
Shares of SPX Flow Inc. (NYSE:FLOW) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.29.
A number of brokerages recently issued reports on FLOW. Credit Suisse Group AG restated an “underperform” rating and issued a $23.00 price target (down from $39.00) on shares of SPX Flow in a research report on Monday. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target (down from $39.00) on shares of SPX Flow in a research report on Friday, October 21st.
SPX Flow (NYSE:FLOW) opened at 30.34 on Thursday. The firm has a 50-day moving average price of $27.36 and a 200 day moving average price of $28.10. SPX Flow has a 1-year low of $14.85 and a 1-year high of $34.16. The stock’s market cap is $1.27 billion.
SPX Flow (NYSE:FLOW) last posted its earnings results on Wednesday, November 2nd. The company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. SPX Flow had a negative net margin of 17.39% and a positive return on equity of 6.09%. The firm earned $466.80 million during the quarter, compared to analyst estimates of $64.15 million. During the same period last year, the firm posted ($0.10) earnings per share. SPX Flow’s revenue for the quarter was down 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that SPX Flow will post $0.15 EPS for the current fiscal year.
In other news, Director Robert F. Hull, Jr. purchased 5,000 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average price of $28.45 per share, for a total transaction of $142,250.00. Following the completion of the purchase, the director now owns 16,570 shares in the company, valued at approximately $471,416.50. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new position in shares of SPX Flow during the third quarter valued at approximately $152,000. PineBridge Investments L.P. raised its position in shares of SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock valued at $138,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can raised its position in shares of SPX Flow by 53.6% in the third quarter. Bank of Montreal Can now owns 5,393 shares of the company’s stock valued at $167,000 after buying an additional 1,883 shares in the last quarter. Invictus RG purchased a new position in shares of SPX Flow during the second quarter valued at approximately $147,000. Finally, Teacher Retirement System of Texas raised its position in shares of SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock valued at $151,000 after buying an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 82.05% 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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