Shares of SPX Flow Inc (NYSE:FLOW) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $53.71.
Several analysts have issued reports on FLOW shares. TheStreet raised shares of SPX Flow from a “c+” rating to a “b” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, September 11th. ValuEngine raised shares of SPX Flow from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Buckingham Research started coverage on shares of SPX Flow in a research report on Tuesday, September 18th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $45.00 price objective on shares of SPX Flow in a research report on Thursday, August 2nd.
Several hedge funds have recently added to or reduced their stakes in the company. Alpha Windward LLC acquired a new stake in shares of SPX Flow during the third quarter worth approximately $583,000. Aperio Group LLC grew its position in shares of SPX Flow by 8.3% during the third quarter. Aperio Group LLC now owns 85,797 shares of the industrial products company’s stock worth $4,461,000 after buying an additional 6,542 shares in the last quarter. Bank of Montreal Can grew its position in shares of SPX Flow by 29.5% during the third quarter. Bank of Montreal Can now owns 79,651 shares of the industrial products company’s stock worth $4,141,000 after buying an additional 18,167 shares in the last quarter. Northern Trust Corp grew its position in shares of SPX Flow by 9.3% during the second quarter. Northern Trust Corp now owns 552,418 shares of the industrial products company’s stock worth $24,179,000 after buying an additional 47,212 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its position in shares of SPX Flow by 10.3% during the second quarter. MetLife Investment Advisors LLC now owns 19,349 shares of the industrial products company’s stock worth $847,000 after buying an additional 1,799 shares in the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings data on Wednesday, August 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. SPX Flow had a net margin of 4.01% and a return on equity of 8.55%. The company had revenue of $531.20 million during the quarter, compared to the consensus estimate of $516.58 million. During the same quarter last year, the company earned $0.24 earnings per share. SPX Flow’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts anticipate that SPX Flow will post 2.51 EPS for the current fiscal year.
About SPX Flow
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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