Vertical Research Upgrades SPX Flow (NYSE:FLOW) to “Buy”

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Vertical Research upgraded shares of SPX Flow (NYSE:FLOW) from a hold rating to a buy rating in a report published on Wednesday morning, The Fly reports.

A number of other analysts also recently commented on FLOW. Robert W. Baird decreased their target price on SPX Flow from $42.00 to $40.00 and set an outperform rating on the stock in a research report on Wednesday, May 13th. Wolfe Research downgraded SPX Flow from a market perform rating to an underperform rating and set a $29.00 target price on the stock. in a research report on Wednesday, April 15th. Zacks Investment Research upgraded SPX Flow from a hold rating to a buy rating and set a $44.00 target price on the stock in a research report on Thursday, July 16th. Barclays decreased their target price on SPX Flow from $36.00 to $33.00 and set an equal weight rating on the stock in a research report on Thursday, May 14th. Finally, Stifel Nicolaus cut their price target on SPX Flow from $57.00 to $49.00 and set a buy rating for the company in a report on Tuesday, April 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $39.71.

SPX Flow stock opened at $40.08 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.50 and a quick ratio of 1.49. SPX Flow has a 1-year low of $15.74 and a 1-year high of $49.94. The company has a market cap of $1.71 billion, a PE ratio of -8.26, a price-to-earnings-growth ratio of 11.54 and a beta of 1.90. The stock’s 50 day moving average price is $36.32 and its 200 day moving average price is $35.20.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.13. The firm had revenue of $308.10 million for the quarter, compared to the consensus estimate of $290.38 million. SPX Flow had a positive return on equity of 6.51% and a negative net margin of 15.43%. The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that SPX Flow will post 0.75 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in SPX Flow by 1.4% in the first quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock valued at $32,051,000 after purchasing an additional 13,672 shares during the last quarter. First Trust Advisors LP boosted its holdings in SPX Flow by 307.0% in the first quarter. First Trust Advisors LP now owns 41,803 shares of the industrial products company’s stock valued at $1,334,000 after purchasing an additional 31,532 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in SPX Flow by 56.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 438,370 shares of the industrial products company’s stock valued at $13,984,000 after purchasing an additional 157,943 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in SPX Flow by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 7,532 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 1,328 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in SPX Flow in the fourth quarter valued at about $1,725,000. Hedge funds and other institutional investors own 93.35% of the company’s stock.

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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Analyst Recommendations for SPX Flow (NYSE:FLOW)

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