Several other brokerages also recently issued reports on FLOW. Barclays set a $40.00 price target on SPX Flow and gave the company a “hold” rating in a report on Friday, November 1st. Zacks Investment Research upgraded SPX Flow from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 8th. Seaport Global Securities downgraded SPX Flow from a “buy” rating to a “neutral” rating in a report on Tuesday, August 13th. Buckingham Research upped their price objective on shares of SPX Flow from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, TheStreet raised shares of SPX Flow from a “c+” rating to a “b-” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.25.
Shares of NYSE FLOW opened at $47.08 on Tuesday. SPX Flow has a 12-month low of $27.23 and a 12-month high of $48.68. The company has a market cap of $2.02 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.74 and a beta of 2.12. The company has a current ratio of 2.02, a quick ratio of 1.70 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $44.28 and a 200 day moving average price of $39.17.
A number of large investors have recently bought and sold shares of FLOW. Newport Trust Co purchased a new position in SPX Flow in the 2nd quarter valued at about $31,839,000. Nuveen Asset Management LLC purchased a new position in SPX Flow in the 2nd quarter valued at about $28,111,000. Robecosam AG boosted its position in SPX Flow by 133.4% in the 2nd quarter. Robecosam AG now owns 630,600 shares of the industrial products company’s stock valued at $25,432,000 after buying an additional 360,400 shares during the last quarter. Atria Investments LLC purchased a new position in SPX Flow in the 2nd quarter valued at about $3,302,000. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in SPX Flow in the 2nd quarter valued at about $9,802,000. 92.45% 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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