SPX Flow (FLOW) Downgraded to C+ at TheStreet

TheStreet downgraded shares of SPX Flow (NYSE:FLOW) from a b rating to a c+ rating in a report published on Monday.

A number of other research analysts have also recently commented on FLOW. Zacks Investment Research cut SPX Flow from a hold rating to a sell rating in a research note on Saturday, July 14th. ValuEngine upgraded SPX Flow from a hold rating to a buy rating in a research note on Wednesday, July 25th. Royal Bank of Canada restated a hold rating and set a $45.00 price target on shares of SPX Flow in a research note on Thursday, August 2nd. Bank of America upped their price target on SPX Flow from $32.00 to $48.00 and gave the stock an underperform rating in a research note on Thursday, August 2nd. Finally, Buckingham Research started coverage on SPX Flow in a research note on Tuesday, September 18th. They set a buy rating and a $60.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. SPX Flow has an average rating of Hold and a consensus target price of $53.63.

NYSE:FLOW opened at $36.00 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.52. SPX Flow has a 52 week low of $34.25 and a 52 week high of $54.92. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 0.39 and a beta of 1.89.



SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. SPX Flow had a return on equity of 8.55% and a net margin of 4.01%. The company had revenue of $530.30 million for the quarter, compared to analysts’ expectations of $521.01 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that SPX Flow will post 2.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Laurion Capital Management LP acquired a new stake in shares of SPX Flow in the second quarter valued at $959,000. Voya Investment Management LLC raised its stake in shares of SPX Flow by 9.0% in 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 in the last quarter. MetLife Investment Advisors LLC raised its stake in shares of SPX Flow by 10.3% in the second quarter. MetLife Investment Advisors LLC now owns 19,349 shares of the industrial products company’s stock valued at $847,000 after acquiring an additional 1,799 shares in the last quarter. Aperio Group LLC raised its stake in shares of SPX Flow by 21.2% in the second quarter. Aperio Group LLC now owns 79,255 shares of the industrial products company’s stock valued at $3,469,000 after acquiring an additional 13,843 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of SPX Flow by 2,103.6% in the first quarter. Millennium Management LLC now owns 288,585 shares of the industrial products company’s stock valued at $14,195,000 after acquiring an additional 275,489 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

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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