Zacks Investment Research upgraded shares of SPX Flow (NYSE:FLOW) from a hold rating to a buy rating in a research note released on Tuesday, Zacks.com reports. They currently have $45.00 target price on the industrial products company’s stock.

According to Zacks, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina. “

Separately, ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. SPX Flow presently has an average rating of Hold and an average price target of $41.83.

Shares of FLOW stock opened at $37.67 on Tuesday. The firm has a market capitalization of $1.63 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.64 and a beta of 2.03. The company has a current ratio of 1.53, a quick ratio of 1.05 and a debt-to-equity ratio of 0.74. SPX Flow has a fifty-two week low of $27.23 and a fifty-two week high of $54.13. The firm’s 50 day simple moving average is $38.38.

SPX Flow (NYSE:FLOW) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. SPX Flow had a net margin of 2.30% and a return on equity of 10.42%. The business had revenue of $491.10 million for the quarter, compared to analysts’ expectations of $482.11 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts anticipate that SPX Flow will post 2.54 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in SPX Flow by 2.9% during the fourth quarter. BlackRock Inc. now owns 6,201,695 shares of the industrial products company’s stock valued at $188,653,000 after purchasing an additional 176,869 shares during the last quarter. ACR Alpine Capital Research LLC increased its stake in SPX Flow by 7.8% during the first quarter. ACR Alpine Capital Research LLC now owns 2,260,757 shares of the industrial products company’s stock valued at $72,118,000 after purchasing an additional 164,030 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in SPX Flow by 10.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,937,095 shares of the industrial products company’s stock valued at $58,927,000 after purchasing an additional 187,027 shares during the last quarter. Impax Asset Management Group plc increased its stake in SPX Flow by 57.6% during the fourth quarter. Impax Asset Management Group plc now owns 1,611,498 shares of the industrial products company’s stock valued at $49,022,000 after purchasing an additional 588,652 shares during the last quarter. Finally, FMR LLC increased its stake in SPX Flow by 1.4% during the first quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock valued at $32,051,000 after purchasing an additional 13,672 shares during the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

About SPX Flow

SPX FLOW, Inc provides various engineered solutions worldwide. It operates in three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components; heat exchangers, and reciprocating and centrifugal pump technologies; and turn-key systems primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands.

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