SPX FLOW, Inc. (NYSE:FLOW) Given Consensus Recommendation of “Hold” by Brokerages

SPX FLOW, Inc. (NYSE:FLOW) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $56.20.

FLOW has been the topic of several research reports. TheStreet raised shares of SPX FLOW from a “c+” rating to a “b” rating in a research report on Wednesday, May 5th. Morgan Stanley boosted their price target on shares of SPX FLOW from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, May 6th. Zacks Investment Research lowered shares of SPX FLOW from a “buy” rating to a “hold” rating in a research report on Wednesday, February 17th. Barclays boosted their price target on shares of SPX FLOW from $54.00 to $58.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 6th. Finally, Royal Bank of Canada boosted their price target on shares of SPX FLOW from $62.00 to $72.00 and gave the company a “sector perform” rating in a research report on Friday, March 12th.

A number of large investors have recently modified their holdings of FLOW. Nisa Investment Advisors LLC grew its stake in SPX FLOW by 7.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,350 shares of the industrial products company’s stock worth $252,000 after buying an additional 300 shares in the last quarter. Victory Capital Management Inc. grew its stake in SPX FLOW by 6.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,021 shares of the industrial products company’s stock worth $291,000 after buying an additional 300 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in SPX FLOW by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,314 shares of the industrial products company’s stock worth $1,096,000 after buying an additional 300 shares in the last quarter. Captrust Financial Advisors grew its stake in SPX FLOW by 144.9% in the 1st quarter. Captrust Financial Advisors now owns 524 shares of the industrial products company’s stock worth $33,000 after buying an additional 310 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in SPX FLOW in the 1st quarter worth approximately $26,000. 93.23% of the stock is owned by institutional investors.

FLOW stock traded down $1.42 during mid-day trading on Thursday, hitting $64.79. The company had a trading volume of 121,397 shares, compared to its average volume of 183,665. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 93.25, a PEG ratio of 0.89 and a beta of 1.81. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.37 and a current ratio of 1.80. SPX FLOW has a 12 month low of $31.80 and a 12 month high of $71.62. The firm’s fifty day moving average is $67.40.

SPX FLOW (NYSE:FLOW) last announced its quarterly earnings data on Wednesday, May 5th. The industrial products company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.35 by $0.26. The business had revenue of $363.80 million for the quarter, compared to analyst estimates of $342.62 million. SPX FLOW had a net margin of 2.09% and a return on equity of 7.75%. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. As a group, sell-side analysts forecast that SPX FLOW will post 2.43 EPS for the current year.

SPX FLOW Company Profile

SPX FLOW, Inc, together with its subsidiaries, designs, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Food and Beverage; and Industrial. The Food and Beverage segment offers homogenizers, pumps, valves, separators, and heat exchangers primarily under the APV, Gerstenberg Schroeder, Seital, and Waukesha Cherry-Burrell brands.

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Analyst Recommendations for SPX FLOW (NYSE:FLOW)

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