SPX Flow (FLOW) Now Covered by Barclays

Equities research analysts at Barclays began coverage on shares of SPX Flow (NYSE:FLOW) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “equal weight” rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on FLOW. Zacks Investment Research upgraded SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, January 23rd. Royal Bank of Canada restated a “hold” rating and set a $50.00 price objective on shares of SPX Flow in a research note on Wednesday, February 7th. Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Stifel Nicolaus restated a “buy” rating and set a $62.00 price objective (up from $55.00) on shares of SPX Flow in a research note on Tuesday, January 16th. Finally, Robert W. Baird raised their price objective on SPX Flow from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. SPX Flow presently has a consensus rating of “Hold” and an average price target of $50.00.

SPX Flow (FLOW) opened at $46.70 on Thursday. SPX Flow has a twelve month low of $31.06 and a twelve month high of $49.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.55 and a quick ratio of 1.11. The stock has a market capitalization of $1,997.16, a price-to-earnings ratio of 43.24, a P/E/G ratio of 0.47 and a beta of 2.43.

SPX Flow (NYSE:FLOW) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. SPX Flow had a return on equity of 6.13% and a net margin of 2.38%. The company had revenue of $529.20 million for the quarter, compared to analysts’ expectations of $515.37 million. During the same period last year, the business earned $0.46 EPS. SPX Flow’s quarterly revenue was up 6.8% compared to the same quarter last year. analysts predict that SPX Flow will post 2.47 earnings per share for the current year.

In related news, VP Kevin Eamigh sold 6,944 shares of SPX Flow stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the completion of the sale, the vice president now owns 43,013 shares of the company’s stock, valued at approximately $1,964,403.71. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Adam Kowalski sold 24,000 shares of SPX Flow stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total value of $1,006,560.00. Following the completion of the sale, the insider now directly owns 118,033 shares of the company’s stock, valued at approximately $4,950,304.02. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tyers Asset Management LLC increased its holdings in SPX Flow by 28.7% in the 4th quarter. Tyers Asset Management LLC now owns 4,900 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 1,092 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in SPX Flow by 6.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock worth $865,000 after acquiring an additional 1,100 shares during the last quarter. Flinton Capital Management LLC increased its holdings in SPX Flow by 28.7% in the 4th quarter. Flinton Capital Management LLC now owns 5,950 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 1,326 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in SPX Flow by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock worth $22,408,000 after acquiring an additional 1,890 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in SPX Flow by 0.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock valued at $20,880,000 after buying an additional 3,009 shares in the last quarter. 86.69% of the stock is owned by institutional investors.

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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.

The Fly

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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