Royal Bank of Canada reissued their hold rating on shares of SPX Flow (NYSE:FLOW) in a research note published on Wednesday. They currently have a $50.00 target price on the industrial products company’s stock.

Several other research firms have also recently weighed in on FLOW. UBS Group cut shares of SPX Flow from a buy rating to a neutral rating and set a $51.00 price objective for the company. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus reissued a buy rating and set a $62.00 price objective (up from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. Zacks Investment Research raised shares of SPX Flow from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Tuesday, January 23rd. Wolfe Research cut shares of SPX Flow from a market perform rating to an underperform rating in a report on Monday, November 20th. Finally, Seaport Global Securities reaffirmed a buy rating on shares of SPX Flow in a report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $50.00.

SPX Flow (NYSE FLOW) opened at $45.40 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.19 and a debt-to-equity ratio of 0.89. SPX Flow has a twelve month low of $31.06 and a twelve month high of $49.50. The firm has a market cap of $1,994.19, a P/E ratio of 37.25, a PEG ratio of 0.63 and a beta of 2.43.

SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. The firm had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $515.37 million. During the same period in the previous year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. analysts anticipate that SPX Flow will post 2.47 EPS for the current fiscal year.

In other SPX Flow news, VP Kevin Eamigh sold 6,944 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $45.67, for a total transaction of $317,132.48. Following the completion of the sale, the vice president now directly owns 43,013 shares of the company’s stock, valued at $1,964,403.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David Adam Kowalski sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the sale, the insider now directly owns 118,033 shares of the company’s stock, valued at $4,950,304.02. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in SPX Flow by 3.4% during the fourth quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock valued at $252,767,000 after buying an additional 176,983 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in SPX Flow by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock valued at $22,408,000 after buying an additional 1,890 shares during the last quarter. Rhumbline Advisers increased its holdings in SPX Flow by 16.3% during the fourth quarter. Rhumbline Advisers now owns 98,727 shares of the industrial products company’s stock valued at $4,694,000 after buying an additional 13,810 shares during the last quarter. Arizona State Retirement System increased its holdings in SPX Flow by 224.6% during the fourth quarter. Arizona State Retirement System now owns 71,090 shares of the industrial products company’s stock valued at $3,380,000 after buying an additional 49,190 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in SPX Flow by 26.0% during the fourth quarter. Pinebridge Investments L.P. now owns 64,833 shares of the industrial products company’s stock valued at $3,083,000 after buying an additional 13,358 shares during the last quarter. 86.98% of the stock is owned by institutional investors and hedge funds.

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SPX Flow Company Profile

SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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