SPX Flow Inc. (NYSE:FLOW) has received a consensus rating of “Hold” from the nine research firms that are covering the stock. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $29.63.
Separately, Zacks Investment Research raised shares of SPX Flow from a “sell” rating to a “hold” rating in a report on Thursday, August 4th.
Shares of SPX Flow (NYSE:FLOW) opened at 27.77 on Thursday. The stock’s market capitalization is $1.16 billion. The stock has a 50 day moving average of $29.30 and a 200 day moving average of $28.15. SPX Flow has a 12-month low of $14.85 and a 12-month high of $38.71.
SPX Flow (NYSE:FLOW) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business had revenue of $528.80 million for the quarter, compared to analysts’ expectations of $64.15 million. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The business’s quarterly revenue was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 earnings per share. Equities research analysts anticipate that SPX Flow will post $0.15 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. PineBridge Investments L.P. raised its position in shares of SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock worth $138,000 after buying an additional 200 shares during the period. Invictus RG acquired a new position in shares of SPX Flow during the second quarter worth about $147,000. Teacher Retirement System of Texas raised its position in shares of SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock worth $151,000 after buying an additional 1,238 shares during the period. First Mercantile Trust Co. acquired a new position in shares of SPX Flow during the third quarter worth about $152,000. Finally, AXA acquired a new position in shares of SPX Flow during the second quarter worth about $177,000. Institutional investors and hedge funds own 83.41% of the company’s stock.
About SPX Flow
SPX FLOW, Inc is a global supplier of engineered solutions. The Company engineers, designs, manufactures and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services.
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