SPX Flow Inc (NYSE:FLOW) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.20.
A number of equities analysts have recently commented on FLOW shares. Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine upgraded SPX Flow from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in SPX Flow by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,937,095 shares of the industrial products company’s stock valued at $58,927,000 after acquiring an additional 187,027 shares during the period. Norges Bank purchased a new position in SPX Flow during the 4th quarter valued at $18,742,000. Pennsylvania Trust Co purchased a new position in SPX Flow during the 1st quarter valued at $234,000. Geode Capital Management LLC boosted its holdings in SPX Flow by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 449,630 shares of the industrial products company’s stock valued at $13,677,000 after acquiring an additional 34,436 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in SPX Flow by 11.5% during the 4th quarter. Two Sigma Advisers LP now owns 76,300 shares of the industrial products company’s stock valued at $2,321,000 after acquiring an additional 7,859 shares during the period. Institutional investors own 88.53% of the company’s stock.
Shares of SPX Flow stock opened at $38.94 on Wednesday. The company has a market capitalization of $1.66 billion, a PE ratio of 16.48, a P/E/G ratio of 1.66 and a beta of 2.20. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.53 and a quick ratio of 1.05. SPX Flow has a one year low of $27.23 and a one year high of $54.13.
SPX Flow (NYSE:FLOW) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The firm had revenue of $491.10 million during the quarter, compared to analysts’ expectations of $482.11 million. SPX Flow had a return on equity of 10.42% and a net margin of 2.30%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts forecast that SPX Flow will post 2.56 earnings per share for the current year.
SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.
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