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.
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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