SPX Flow Inc (NYSE:FLOW) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $49.63.

FLOW has been the subject of several recent analyst reports. ValuEngine cut shares of SPX Flow from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research upgraded shares of SPX Flow from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, September 11th. Buckingham Research initiated coverage on shares of SPX Flow in a report on Tuesday, September 18th. They issued a “buy” rating and a $60.00 target price for the company. Bank of America raised their target price on shares of SPX Flow from $32.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $45.00 target price on shares of SPX Flow in a report on Thursday, August 2nd.

Shares of FLOW opened at $35.96 on Wednesday. SPX Flow has a one year low of $33.85 and a one year high of $54.92. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.41 and a beta of 2.42. The company has a quick ratio of 1.12, a current ratio of 1.62 and a debt-to-equity ratio of 0.79.

SPX Flow (NYSE:FLOW) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.63 by $0.14. SPX Flow had a net margin of 4.89% and a return on equity of 9.59%. The company had revenue of $530.30 million during the quarter, compared to analysts’ expectations of $521.01 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts anticipate that SPX Flow will post 2.28 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of FLOW. Sei Investments Co. raised its position in SPX Flow by 21.4% during the second quarter. Sei Investments Co. now owns 6,249 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 1,102 shares in the last quarter. Guggenheim Capital LLC raised its position in SPX Flow by 4.1% during the first quarter. Guggenheim Capital LLC now owns 37,189 shares of the industrial products company’s stock valued at $1,831,000 after acquiring an additional 1,467 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in SPX Flow by 8.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 18,450 shares of the industrial products company’s stock valued at $808,000 after acquiring an additional 1,480 shares in the last quarter. Martingale Asset Management L P raised its position in SPX Flow by 3.5% during the third quarter. Martingale Asset Management L P now owns 43,831 shares of the industrial products company’s stock valued at $2,280,000 after acquiring an additional 1,500 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its position in SPX Flow by 10.3% during the second quarter. MetLife Investment Advisors LLC now owns 19,349 shares of the industrial products company’s stock valued at $847,000 after acquiring an additional 1,799 shares in the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

SPX Flow Company Profile

SPX FLOW, Inc provides various engineered solutions worldwide. 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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Analyst Recommendations for SPX Flow (NYSE:FLOW)

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