Vertical Research Upgrades SPX Flow (NYSE:FLOW) to “Buy”

Vertical Research upgraded shares of SPX Flow (NYSE:FLOW) from a hold rating to a buy rating in a research report released on Wednesday morning, The Fly reports.

Several other equities research analysts have also weighed in on FLOW. Wolfe Research lowered SPX Flow from a market perform rating to an underperform rating and set a $29.00 price objective for the company. in a research note on Wednesday, April 15th. Robert W. Baird decreased their target price on SPX Flow from $42.00 to $40.00 and set an outperform rating for the company in a research report on Wednesday, May 13th. Zacks Investment Research raised SPX Flow from a hold rating to a buy rating and set a $44.00 target price for the company in a research report on Thursday, July 16th. Barclays decreased their target price on SPX Flow from $36.00 to $33.00 and set an equal weight rating for the company in a research report on Thursday, May 14th. Finally, Stifel Nicolaus decreased their target price on SPX Flow from $57.00 to $49.00 and set a buy rating for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $39.71.

FLOW opened at $40.08 on Wednesday. The firm has a market cap of $1.71 billion, a PE ratio of -8.26, a P/E/G ratio of 11.54 and a beta of 1.90. The company has a quick ratio of 1.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $36.32 and a 200-day simple moving average of $35.20. SPX Flow has a fifty-two week low of $15.74 and a fifty-two week high of $49.94.

SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.13. The business had revenue of $308.10 million during the quarter, compared to analyst estimates of $290.38 million. SPX Flow had a positive return on equity of 6.51% and a negative net margin of 15.43%. The company’s revenue was down 20.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. On average, equities research analysts anticipate that SPX Flow will post 0.75 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in FLOW. Simplex Trading LLC raised its holdings in shares of SPX Flow by 174.1% during the second quarter. Simplex Trading LLC now owns 773 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 491 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of SPX Flow during the fourth quarter worth $29,000. Russell Investments Group Ltd. purchased a new stake in shares of SPX Flow during the first quarter worth $91,000. Nisa Investment Advisors LLC raised its holdings in shares of SPX Flow by 47.4% during the second quarter. Nisa Investment Advisors LLC now owns 2,800 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of SPX Flow by 17.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,752 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 93.35% 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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Analyst Recommendations for SPX Flow (NYSE:FLOW)

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