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.
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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