Brokerages Set SPX Flow Inc. (FLOW) Target Price at $29.63
Shares of SPX Flow Inc. (NYSE:FLOW) have received a consensus rating of “Hold” from the eight research firms that are covering the company. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.50.
Separately, Zacks Investment Research raised shares of SPX Flow from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Thursday.
A number of large investors have recently bought and sold shares of FLOW. PineBridge Investments L.P. boosted its stake in SPX Flow by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,287 shares of the company’s stock valued at $138,000 after buying an additional 200 shares in the last quarter. Invictus RG purchased a new stake in SPX Flow during the second quarter valued at $147,000. Teacher Retirement System of Texas boosted its stake in SPX Flow by 27.1% in the second quarter. Teacher Retirement System of Texas now owns 5,805 shares of the company’s stock valued at $151,000 after buying an additional 1,238 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in SPX Flow during the third quarter valued at $152,000. Finally, AXA purchased a new stake in SPX Flow during the second quarter valued at $177,000. 83.39% of the stock is owned by institutional investors and hedge funds.
Shares of SPX Flow (NYSE:FLOW) opened at 26.94 on Wednesday. The firm’s market cap is $1.13 billion. The company’s 50 day moving average is $29.06 and its 200-day moving average is $28.15. SPX Flow has a 12 month low of $14.85 and a 12 month high of $38.40.
SPX Flow (NYSE:FLOW) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. SPX Flow had a negative net margin of 16.41% and a positive return on equity of 8.26%. The firm had revenue of $528.80 million for the quarter, compared to the consensus estimate of $64.15 million. During the same period in the previous year, the company earned $1.15 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. Equities research analysts predict that SPX Flow will post $0.15 EPS for the current year.
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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