SPX Flow Inc (NYSE:FLOW) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five 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 $50.00.
A number of equities research analysts recently weighed in on FLOW shares. Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price target (up from $55.00) on shares of SPX Flow in a research note on Tuesday, January 16th. UBS Group cut SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price target for the company. in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of SPX Flow in a research note on Wednesday, February 7th.
In other news, VP Jaime Manson Easley sold 4,665 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $48.78, for a total value of $227,558.70. Following the completion of the transaction, the vice president now directly owns 10,184 shares in the company, valued at $496,775.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.
Shares of SPX Flow (NYSE FLOW) traded down $0.93 during midday trading on Friday, hitting $53.52. The company had a trading volume of 364,880 shares, compared to its average volume of 316,004. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 0.89. The stock has a market cap of $2,292.06, a PE ratio of 49.56, a P/E/G ratio of 0.54 and a beta of 2.05. SPX Flow has a 1 year low of $31.10 and a 1 year high of $54.80.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $529.20 million during the quarter, compared to analysts’ expectations of $515.37 million. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. analysts predict that SPX Flow will post 2.47 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “SPX Flow Inc (FLOW) Receives Average Rating of “Hold” from Brokerages” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://stocknewstimes.com/2018/03/14/spx-flow-inc-flow-receives-average-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.