SPX Flow (NYSE:FLOW) had its target price increased by Royal Bank of Canada from $26.00 to $31.00 in a report released on Thursday morning, BenzingaRatingsTable reports. Royal Bank of Canada currently has an underperform rating on the industrial products company’s stock.

FLOW has been the topic of several other research reports. Wolfe Research cut SPX Flow from a market perform rating to an underperform rating and set a $29.00 target price on the stock. in a research report on Wednesday, April 15th. Robert W. Baird reduced their target price on shares of SPX Flow from $42.00 to $40.00 and set an outperform rating for the company in a research note on Wednesday, May 13th. Stifel Nicolaus cut their price target on shares of SPX Flow from $57.00 to $49.00 and set a buy rating on the stock in a report on Tuesday, April 14th. Zacks Investment Research raised SPX Flow from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Thursday, July 16th. Finally, Vertical Research raised shares of SPX Flow from a hold rating to a buy rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. SPX Flow has an average rating of Hold and an average target price of $39.71.

Shares of NYSE:FLOW traded down $0.79 during trading on Thursday, reaching $40.08. 412,903 shares of the stock were exchanged, compared to its average volume of 180,207. SPX Flow has a 1-year low of $15.74 and a 1-year high of $49.94. The stock has a fifty day moving average of $36.32 and a two-hundred day moving average of $35.20. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.50 and a quick ratio of 1.49. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -8.26, a price-to-earnings-growth ratio of 11.54 and a beta of 1.90.

SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.13. The firm had revenue of $308.10 million for the quarter, compared to the consensus estimate of $290.38 million. SPX Flow had a negative net margin of 15.43% and a positive return on equity of 6.51%. The business’s revenue was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. Sell-side analysts forecast that SPX Flow will post 0.75 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Simplex Trading LLC increased its holdings in SPX Flow by 174.1% during the second quarter. Simplex Trading LLC now owns 773 shares of the industrial products company’s stock valued at $28,000 after buying an additional 491 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in SPX Flow during the fourth quarter valued at approximately $29,000. Russell Investments Group Ltd. purchased a new stake in SPX Flow during the first quarter valued at approximately $91,000. Nisa Investment Advisors LLC increased its stake in shares of SPX Flow by 47.4% in the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SPX Flow by 17.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,752 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 564 shares in the last quarter. 93.35% of the stock is owned by institutional investors and hedge funds.

SPX Flow Company Profile

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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Analyst Recommendations for SPX Flow (NYSE:FLOW)

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