Brokerages Set SPX Flow Inc. (FLOW) PT at $27.29
Shares of SPX Flow Inc. (NYSE:FLOW) have earned an average rating of “Hold” from the eight analysts that are covering the stock. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.29.
FLOW has been the subject of several recent research reports. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday, October 13th. Stifel Nicolaus restated a “buy” rating and set a $33.00 target price (down from $39.00) on shares of SPX Flow in a research report on Friday, October 21st. Finally, Credit Suisse Group AG lowered shares of SPX Flow from a “neutral” rating to an “underperform” rating and cut their target price for the company from $39.00 to $23.00 in a research report on Monday, November 14th. They noted that the move was a valuation call.
In related news, Director Robert F. Hull, Jr. acquired 5,000 shares of SPX Flow 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 transaction, the director now directly owns 16,570 shares in the company, valued at approximately $471,416.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of SPX Flow by 126.1% in the second quarter. BNP Paribas Arbitrage SA now owns 15,543 shares of the company’s stock valued at $405,000 after buying an additional 8,668 shares in the last quarter. Alpha Windward LLC acquired a new stake in shares of SPX Flow during the second quarter valued at $380,000. Nordea Investment Management AB acquired a new stake in shares of SPX Flow during the second quarter valued at $2,221,000. Financial Architects Inc boosted its stake in shares of SPX Flow by 3,795.9% in the second quarter. Financial Architects Inc now owns 9,545 shares of the company’s stock valued at $249,000 after buying an additional 9,300 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of SPX Flow by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the company’s stock valued at $482,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.
SPX Flow (NYSE:FLOW) opened at 30.20 on Wednesday. SPX Flow has a one year low of $14.85 and a one year high of $34.16. The stock has a 50 day moving average of $27.35 and a 200-day moving average of $28.11. The company’s market cap is $1.27 billion.
SPX Flow (NYSE:FLOW) last announced its earnings results on Wednesday, November 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company earned $466.80 million during the quarter, compared to analyst estimates of $64.15 million. SPX Flow had a negative net margin of 17.39% and a positive return on equity of 6.09%. The firm’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) earnings per share. On average, equities analysts predict that SPX Flow will post $0.15 EPS for the current fiscal 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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