SPX Flow (NYSE:FLOW) had its price target raised by Stifel Nicolaus from $44.00 to $48.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.

A number of other research analysts have also commented on FLOW. Zacks Investment Research upgraded shares of SPX Flow from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Thursday, July 16th. Robert W. Baird lowered their price objective on shares of SPX Flow from $42.00 to $40.00 and set an outperform rating on the stock in a research note on Wednesday, May 13th. Royal Bank of Canada raised their price objective on shares of SPX Flow from $26.00 to $31.00 and gave the company an underperform rating in a research note on Thursday. Wolfe Research lowered shares of SPX Flow from a market perform rating to an underperform rating and set a $29.00 price objective on the stock. in a research note on Wednesday, April 15th. Finally, Barclays decreased their price target on shares of SPX Flow from $36.00 to $33.00 and set an equal weight rating on the stock in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $39.71.

Shares of FLOW traded down $0.79 during midday trading on Thursday, hitting $40.08. 412,903 shares of the stock traded hands, 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 firm has a market capitalization of $1.71 billion, a PE ratio of -8.26, a price-to-earnings-growth ratio of 11.54 and a beta of 1.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 2.50. The business’s 50 day moving average price is $36.32 and its two-hundred day moving average price is $35.20.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in SPX Flow by 162.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 198,173 shares of the industrial products company’s stock worth $9,685,000 after purchasing an additional 122,573 shares in the last quarter. Norges Bank purchased a new position in SPX Flow during the 4th quarter worth approximately $31,749,000. Deutsche Bank AG grew its position in SPX Flow by 57.7% during the 1st quarter. Deutsche Bank AG now owns 97,631 shares of the industrial products company’s stock worth $2,774,000 after purchasing an additional 35,731 shares in the last quarter. Man Group plc purchased a new position in SPX Flow during the 4th quarter worth approximately $3,029,000. Finally, Balyasny Asset Management LLC purchased a new position in SPX Flow during the 1st quarter worth approximately $1,933,000. Hedge funds and other institutional investors own 93.35% of the company’s stock.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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