BidaskClub Downgrades SPX FLOW, Inc. (FLOW) to Hold

SPX FLOW, Inc. (NYSE:FLOW) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the company. Credit Suisse Group reiterated a “sell” rating and set a $30.00 target price on shares of SPX FLOW in a report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $35.00 target price on shares of SPX FLOW in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.00.

Shares of SPX FLOW (NYSE:FLOW) traded down 0.41% on Friday, hitting $38.68. The stock had a trading volume of 281,837 shares. The stock’s market capitalization is $1.64 billion. The firm’s 50 day moving average is $38.00 and its 200-day moving average is $34.91. SPX FLOW has a one year low of $22.34 and a one year high of $40.66.

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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.

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