SPX Flow (NYSE:FLOW) Upgraded at ValuEngine

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

Several other equities analysts have also recently commented on the stock. TheStreet raised shares of SPX Flow from a c+ rating to a b- rating in a research note on Wednesday, October 30th. Zacks Investment Research raised shares of SPX Flow from a strong sell rating to a hold rating in a research note on Tuesday, October 8th. Seaport Global Securities cut shares of SPX Flow from a buy rating to a neutral rating in a research note on Tuesday, August 13th. Barclays set a $40.00 price objective on shares of SPX Flow and gave the company a hold rating in a research note on Friday, November 1st. Finally, Buckingham Research boosted their price objective on shares of SPX Flow from $45.00 to $53.00 and gave the company a buy rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. SPX Flow has an average rating of Hold and an average price target of $41.25.

NYSE FLOW opened at $46.03 on Wednesday. The company’s 50 day moving average is $40.04 and its 200-day moving average is $38.12. SPX Flow has a 12-month low of $27.23 and a 12-month high of $47.92. The company has a quick ratio of 1.70, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.96 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.67 and a beta of 2.13.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.12. SPX Flow had a net margin of 1.30% and a return on equity of 9.06%. The company had revenue of $383.50 million for the quarter, compared to analyst estimates of $365.37 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Equities analysts expect that SPX Flow will post 1.88 EPS for the current year.

A number of large investors have recently modified their holdings of FLOW. Investors Research Corp purchased a new position in SPX Flow during the second quarter valued at approximately $29,000. Financial Architects Inc grew its stake in SPX Flow by 573.3% in the 3rd quarter. Financial Architects Inc now owns 781 shares of the industrial products company’s stock worth $31,000 after buying an additional 665 shares in the last quarter. First Mercantile Trust Co. grew its stake in SPX Flow by 390.0% in the 3rd quarter. First Mercantile Trust Co. now owns 980 shares of the industrial products company’s stock worth $39,000 after buying an additional 780 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in SPX Flow in the 3rd quarter worth approximately $101,000. Finally, Quantamental Technologies LLC purchased a new position in SPX Flow in the 2nd quarter worth approximately $118,000. 89.94% of the stock is owned by institutional investors.

About SPX Flow

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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