Spx Flow (FLOW) Receives “Buy” Rating from Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Spx Flow (NYSE:FLOW) in a research report report published on Wednesday morning. The firm currently has a $61.00 price objective on the industrial products company’s stock.

Several other research firms also recently commented on FLOW. Zacks Investment Research downgraded shares of Spx Flow from a buy rating to a hold rating in a research report on Monday, March 19th. Barclays started coverage on shares of Spx Flow in a research report on Thursday, February 15th. They issued an equal weight rating and a $50.00 price target for the company. Royal Bank of Canada reiterated a hold rating and issued a $50.00 price target on shares of Spx Flow in a research report on Wednesday, February 7th. Stifel Nicolaus reiterated a buy rating and issued a $62.00 price target (up previously from $55.00) on shares of Spx Flow in a research report on Tuesday, January 16th. Finally, UBS downgraded shares of Spx Flow from a buy rating to a neutral rating and set a $51.00 price target for the company. in a research report on Monday, January 22nd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $51.00.

How to Become a New Pot Stock Millionaire

Shares of Spx Flow stock opened at $47.60 on Wednesday. Spx Flow has a 12-month low of $31.10 and a 12-month high of $54.92. The firm has a market capitalization of $2,100.42, a PE ratio of 37.48, a P/E/G ratio of 0.50 and a beta of 1.93. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 0.89.

Spx Flow (NYSE:FLOW) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.52 EPS for the quarter, beating the 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 firm had revenue of $529.20 million during the quarter, compared to the consensus estimate of $515.37 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Spx Flow’s revenue for the quarter was up 6.8% on a year-over-year basis. research analysts expect that Spx Flow will post 2.47 earnings per share for the current year.

In other Spx Flow news, VP Jaime Manson Easley sold 4,665 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $48.78, for a total transaction of $227,558.70. Following the completion of the transaction, the vice president now owns 10,184 shares in the company, valued at approximately $496,775.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in Spx Flow by 3.4% during the 4th quarter. BlackRock Inc. now owns 5,315,803 shares of the industrial products company’s stock worth $252,767,000 after buying an additional 176,983 shares during the last quarter. Rice Hall James & Associates LLC raised its position in Spx Flow by 16.5% during the 4th quarter. Rice Hall James & Associates LLC now owns 525,644 shares of the industrial products company’s stock worth $24,994,000 after buying an additional 74,611 shares during the last quarter. Bank of New York Mellon Corp raised its position in Spx Flow by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 471,246 shares of the industrial products company’s stock worth $22,408,000 after buying an additional 1,890 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in Spx Flow during the 4th quarter worth $21,587,000. Finally, TIAA CREF Investment Management LLC raised its position in Spx Flow by 0.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 439,116 shares of the industrial products company’s stock worth $20,880,000 after buying an additional 3,009 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3340334/spx-flow-flow-receives-buy-rating-from-robert-w-baird.html.

About Spx Flow

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.

Analyst Recommendations for Spx Flow (NYSE:FLOW)

Receive News & Ratings for Spx Flow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spx Flow and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$1.35 EPS Expected for Darden Restaurants  This Quarter
$1.35 EPS Expected for Darden Restaurants This Quarter
BumbaCoin Reaches Market Cap of $124,516.00
BumbaCoin Reaches Market Cap of $124,516.00
AICHAIN  Reaches 1-Day Volume of $34,278.00
AICHAIN Reaches 1-Day Volume of $34,278.00
JobsCoin  Trading Down 37.7% Over Last Week
JobsCoin Trading Down 37.7% Over Last Week
$2.56 Billion in Sales Expected for Discover Financial Services  This Quarter
$2.56 Billion in Sales Expected for Discover Financial Services This Quarter
Zacks: Analysts Anticipate Dover Co.  to Post $1.15 Earnings Per Share
Zacks: Analysts Anticipate Dover Co. to Post $1.15 Earnings Per Share


Leave a Reply

© 2006-2018 Ticker Report. Google+.