SPX Flow (NYSE:FLOW)‘s stock had its “hold” rating reissued by analysts at Royal Bank of Canada in a research report issued on Wednesday. They presently have a $50.00 target price on the industrial products company’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 6.54% from the stock’s current price.

FLOW has been the topic of a number of other reports. UBS Group downgraded shares of SPX Flow from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a report on Monday, January 22nd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price objective (up from $55.00) on shares of SPX Flow in a report on Tuesday, January 16th. Wolfe Research downgraded shares of SPX Flow from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Seaport Global Securities reiterated a “buy” rating on shares of SPX Flow in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. SPX Flow presently has an average rating of “Hold” and an average target price of $50.00.

Shares of SPX Flow (NYSE:FLOW) opened at $46.93 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.55 and a debt-to-equity ratio of 0.89. SPX Flow has a fifty-two week low of $31.06 and a fifty-two week high of $49.50. The stock has a market cap of $2,068.97, a P/E ratio of 38.64, a PEG ratio of 0.66 and a beta of 2.43.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. SPX Flow had a net margin of 2.38% and a return on equity of 6.13%. The company had revenue of $529.20 million for the quarter, compared to the consensus estimate of $515.37 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts predict that SPX Flow will post 2.46 EPS for the current fiscal year.

In related news, insider David Adam Kowalski sold 24,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the transaction, the insider now directly owns 118,033 shares in the company, valued at $4,950,304.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin Eamigh sold 6,944 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $45.67, for a total transaction of $317,132.48. Following the transaction, the vice president now owns 43,013 shares in the company, valued at $1,964,403.71. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in SPX Flow by 6.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 1,100 shares during the period. First Allied Advisory Services Inc. boosted its position in SPX Flow by 14.4% during the fourth quarter. First Allied Advisory Services Inc. now owns 36,338 shares of the industrial products company’s stock worth $1,736,000 after purchasing an additional 4,572 shares during the period. CIBC Asset Management Inc bought a new position in SPX Flow during the fourth quarter worth $254,000. Spitfire Capital LLC boosted its position in SPX Flow by 3.5% during the third quarter. Spitfire Capital LLC now owns 263,984 shares of the industrial products company’s stock worth $10,179,000 after purchasing an additional 8,884 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in SPX Flow by 3.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 388,651 shares of the industrial products company’s stock worth $18,481,000 after purchasing an additional 11,173 shares during the period. Institutional investors and hedge funds own 86.98% of the company’s stock.

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About SPX Flow

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.

Analyst Recommendations for SPX Flow (NYSE:FLOW)

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