SPX Flow Inc (FLOW) Receives $42.33 Consensus Price Target from Brokerages
SPX Flow Inc (NYSE:FLOW) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.33.
Several research analysts have weighed in on FLOW shares. Stifel Nicolaus increased their price objective on SPX Flow from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. Seaport Global Securities reiterated a “buy” rating on shares of SPX Flow in a research report on Wednesday, November 1st. Finally, Wolfe Research cut SPX Flow from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th.
In related news, insider David Adam Kowalski sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $41.94, for a total value of $1,006,560.00. Following the transaction, the insider now owns 118,033 shares in the company, valued at $4,950,304.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin Eamigh sold 6,944 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.67, for a total value of $317,132.48. Following the completion of the transaction, the vice president now owns 43,013 shares in the company, valued at approximately $1,964,403.71. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.
SPX Flow (NYSE:FLOW) traded up $0.54 during mid-day trading on Thursday, reaching $48.14. The company’s stock had a trading volume of 247,370 shares, compared to its average volume of 150,242. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 1.06. The company has a market cap of $2,040.90, a PE ratio of 92.58, a price-to-earnings-growth ratio of 0.69 and a beta of 2.78. SPX Flow has a 1 year low of $31.06 and a 1 year high of $48.97.
SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). SPX Flow had a return on equity of 6.17% and a net margin of 1.17%. equities research analysts expect that SPX Flow will post 1.23 earnings per share for the current fiscal year.
SPX Flow Company Profile
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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