Several other brokerages have also weighed in on FLOW. Zacks Investment Research upgraded SPX Flow from a sell rating to a hold rating in a research report on Monday, August 5th. Seaport Global Securities lowered SPX Flow from a buy rating to a neutral rating in a research report on Tuesday, August 13th. Finally, Buckingham Research increased their price objective on SPX Flow from $40.00 to $45.00 and gave the stock a buy rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $40.80.
SPX Flow stock traded down $0.38 during mid-day trading on Wednesday, hitting $36.24. The company’s stock had a trading volume of 178,727 shares, compared to its average volume of 315,693. The firm has a market capitalization of $1.56 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.19 and a beta of 2.11. SPX Flow has a 1 year low of $27.23 and a 1 year high of $51.60. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average is $36.33 and its two-hundred day moving average is $36.90.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its position in shares of SPX Flow by 125.9% during the third quarter. State of Alaska Department of Revenue now owns 32,700 shares of the industrial products company’s stock worth $1,290,000 after buying an additional 18,223 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new position in shares of SPX Flow during the second quarter worth $9,802,000. Atria Investments LLC purchased a new position in shares of SPX Flow during the second quarter worth $526,000. Chartwell Investment Partners LLC purchased a new position in shares of SPX Flow during the second quarter worth $3,730,000. Finally, Prudential PLC boosted its position in shares of SPX Flow by 10.4% during the second quarter. Prudential PLC now owns 256,194 shares of the industrial products company’s stock worth $10,760,000 after buying an additional 24,089 shares during the period. Institutional investors and hedge funds own 89.89% 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.
Featured Article: Gap Up Stocks
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for SPX Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow and related companies with MarketBeat.com's FREE daily email newsletter.