Other equities research analysts also recently issued reports about the stock. ValuEngine raised shares of SPX Flow from a hold rating to a buy rating in a report on Wednesday, July 25th. Buckingham Research initiated coverage on SPX Flow in a research report on Tuesday, September 18th. They set a buy rating and a $60.00 price target on the stock. Zacks Investment Research upgraded SPX Flow from a hold rating to a buy rating and set a $53.00 price target on the stock in a research report on Tuesday, September 11th. Finally, Royal Bank of Canada reiterated a hold rating and set a $45.00 price target on shares of SPX Flow in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $50.00.
Shares of NYSE:FLOW traded up $1.77 during midday trading on Monday, reaching $35.87. The company had a trading volume of 355,426 shares, compared to its average volume of 320,171. The company has a market capitalization of $1.45 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 0.38 and a beta of 2.42. SPX Flow has a 52-week low of $33.85 and a 52-week high of $54.92. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.12 and a current ratio of 1.62.
SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.14. The business had revenue of $530.30 million for the quarter, compared to the consensus estimate of $521.01 million. SPX Flow had a net margin of 4.89% and a return on equity of 9.59%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, research analysts predict that SPX Flow will post 2.28 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of SPX Flow by 4.4% in the third quarter. BlackRock Inc. now owns 6,024,826 shares of the industrial products company’s stock worth $313,291,000 after purchasing an additional 256,630 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of SPX Flow by 12.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,750,068 shares of the industrial products company’s stock worth $91,003,000 after purchasing an additional 198,058 shares during the last quarter. ACR Alpine Capital Research LLC increased its position in shares of SPX Flow by 4.5% in the third quarter. ACR Alpine Capital Research LLC now owns 1,625,262 shares of the industrial products company’s stock worth $84,514,000 after purchasing an additional 70,290 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of SPX Flow by 1.9% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,119,612 shares of the industrial products company’s stock worth $58,220,000 after purchasing an additional 20,861 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in SPX Flow by 9.0% during the second quarter. Voya Investment Management LLC now owns 555,351 shares of the industrial products company’s stock valued at $24,308,000 after acquiring an additional 46,019 shares during the last quarter. Institutional investors own 86.80% of the company’s stock.
SPX Flow Company Profile
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services.
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