SPX Flow (FLOW) Given New $42.00 Price Target at Barclays

SPX Flow (NYSE:FLOW) had its target price decreased by research analysts at Barclays from $46.00 to $42.00 in a note issued to investors on Thursday. The brokerage currently has an “equal weight” rating on the industrial products company’s stock. Barclays’ price target would indicate a potential upside of 20.07% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Tuesday, September 11th. Buckingham Research initiated coverage on SPX Flow in a research report on Tuesday, September 18th. They set a “buy” rating and a $60.00 target price on the stock. Bank of America lifted their target price on SPX Flow from $32.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. ValuEngine cut SPX Flow from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of SPX Flow in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. SPX Flow has a consensus rating of “Hold” and a consensus price target of $50.00.

SPX Flow stock traded up $0.75 during mid-day trading on Thursday, reaching $34.98. The stock had a trading volume of 866 shares, compared to its average volume of 236,707. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.04 and a current ratio of 1.62. SPX Flow has a fifty-two week low of $34.22 and a fifty-two week high of $54.92. The stock has a market capitalization of $1.53 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 0.41 and a beta of 1.89.



SPX Flow (NYSE:FLOW) last announced its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. SPX Flow had a return on equity of 9.59% and a net margin of 4.89%. The firm had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $521.01 million. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Research analysts forecast that SPX Flow will post 2.28 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Squar Milner Financial Services LLC purchased a new position in SPX Flow in the second quarter worth $134,000. Russell Investments Group Ltd. boosted its position in SPX Flow by 205.2% in the second quarter. Russell Investments Group Ltd. now owns 4,300 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 2,891 shares during the last quarter. Sei Investments Co. boosted its position in SPX Flow by 1,203.0% in the first quarter. Sei Investments Co. now owns 5,147 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 4,752 shares during the last quarter. Aristotle Atlantic Partners LLC boosted its position in SPX Flow by 42.9% in the second quarter. Aristotle Atlantic Partners LLC now owns 6,042 shares of the industrial products company’s stock worth $264,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in SPX Flow by 24.0% in the first quarter. Xact Kapitalforvaltning AB now owns 6,709 shares of the industrial products company’s stock worth $330,000 after purchasing an additional 1,300 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

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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