Shares of SPX Flow Inc. (NYSE:FLOW) have been given a consensus recommendation of “Hold” by the nine brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $29.63.
Separately, Zacks Investment Research upgraded SPX Flow from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th.
Several institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its position in SPX Flow by 84.6% in the first quarter. Aperio Group LLC now owns 71,822 shares of the company’s stock worth $1,801,000 after buying an additional 32,911 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of SPX Flow by 806.5% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 140,500 shares of the company’s stock worth $3,663,000 after buying an additional 125,000 shares during the last quarter. Synovus Financial Corp boosted its position in shares of SPX Flow by 0.7% in the second quarter. Synovus Financial Corp now owns 10,713 shares of the company’s stock worth $281,000 after buying an additional 70 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of SPX Flow during the second quarter worth about $4,374,000. Finally, Strs Ohio purchased a new position in shares of SPX Flow during the second quarter worth about $307,000. 83.41% of the stock is owned by institutional investors.
SPX Flow (NYSE:FLOW) traded down 2.61% during trading on Thursday, reaching $29.81. The company had a trading volume of 225,241 shares. SPX Flow has a 12-month low of $14.85 and a 12-month high of $42.06. The firm’s market capitalization is $1.25 billion. The firm’s 50 day moving average price is $29.21 and its 200 day moving average price is $28.08.
SPX Flow (NYSE:FLOW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business earned $528.80 million during the quarter, compared to the consensus estimate of $64.15 million. SPX Flow had a positive return on equity of 8.26% and a negative net margin of 16.41%. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 EPS. Analysts anticipate that SPX Flow will post $0.15 earnings per share for the current year.
SPX Flow Company Profile
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.
Receive News & Ratings for SPX Flow Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Flow Inc. and related companies with MarketBeat.com's FREE daily email newsletter.