SPX Flow (NYSE:FLOW) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of SPX Flow (NYSE:FLOW) from a hold rating to a buy rating in a report published on Friday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of SPX Flow from a sell rating to a hold rating in a research note on Monday, August 5th. Buckingham Research cut their price target on shares of SPX Flow from $46.00 to $40.00 and set a buy rating for the company in a research note on Thursday, August 15th. Finally, Seaport Global Securities cut shares of SPX Flow from a buy rating to a neutral rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $39.80.

Shares of FLOW opened at $33.75 on Friday. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.96 and a beta of 2.03. The company has a quick ratio of 1.77, a current ratio of 2.12 and a debt-to-equity ratio of 0.68. SPX Flow has a 12 month low of $27.23 and a 12 month high of $54.13. The company has a 50-day moving average price of $38.22 and a two-hundred day moving average price of $36.22.



SPX Flow (NYSE:FLOW) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The business had revenue of $385.40 million for the quarter, compared to the consensus estimate of $500.94 million. SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts expect that SPX Flow will post 1.83 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of FLOW. Investors Research Corp bought a new position in shares of SPX Flow in the second quarter valued at approximately $29,000. Quantamental Technologies LLC bought a new position in shares of SPX Flow in the second quarter valued at approximately $118,000. Squar Milner Financial Services LLC raised its stake in shares of SPX Flow by 71.4% in the first quarter. Squar Milner Financial Services LLC now owns 4,717 shares of the industrial products company’s stock valued at $150,000 after acquiring an additional 1,965 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of SPX Flow by 50.9% in the second quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 1,400 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of SPX Flow in the second quarter valued at approximately $228,000. Institutional investors own 90.41% of the company’s stock.

About SPX Flow

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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