SPX Flow (NYSE:FLOW) Price Target Increased to $45.00 by Analysts at Buckingham Research

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SPX Flow (NYSE:FLOW) had its price target upped by equities research analysts at Buckingham Research from $40.00 to $45.00 in a note issued to investors on Friday, September 20th, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Buckingham Research’s price objective would indicate a potential upside of 19.59% from the company’s current price.

A number of other equities research analysts have also recently weighed in on FLOW. Zacks Investment Research raised SPX Flow from a “sell” rating to a “hold” rating in a report on Monday, August 5th. ValuEngine upgraded shares of SPX Flow from a “hold” rating to a “buy” rating in a report on Friday, August 16th. Finally, Seaport Global Securities downgraded shares of SPX Flow from a “buy” rating to a “neutral” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.80.

Shares of SPX Flow stock traded up $2.88 during trading hours on Friday, hitting $37.63. 293,896 shares of the company’s stock traded hands, compared to its average volume of 307,146. The company has a market cap of $1.48 billion, a PE ratio of 16.22, a PEG ratio of 2.10 and a beta of 2.11. SPX Flow has a twelve month low of $27.23 and a twelve month high of $44.68. The stock has a 50 day simple moving average of $36.64 and a 200-day simple moving average of $36.98. The company has a quick ratio of 1.77, a current ratio of 2.12 and a debt-to-equity ratio of 0.68.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.09). The firm had revenue of $385.40 million during the quarter, compared to analyst estimates of $500.94 million. SPX Flow had a return on equity of 9.47% and a net margin of 4.51%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. As a group, equities research analysts predict that SPX Flow will post 1.81 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its position in shares of SPX Flow by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,481 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 298 shares during the period. Arizona State Retirement System increased its position in SPX Flow by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 65,979 shares of the industrial products company’s stock worth $2,762,000 after purchasing an additional 337 shares in the last quarter. Squar Milner Financial Services LLC increased its position in SPX Flow by 7.3% during the 2nd quarter. Squar Milner Financial Services LLC now owns 5,060 shares of the industrial products company’s stock worth $212,000 after purchasing an additional 343 shares in the last quarter. Mason Street Advisors LLC increased its position in SPX Flow by 3.4% during the 1st quarter. Mason Street Advisors LLC now owns 13,666 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 451 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. grew its holdings in SPX Flow by 5.7% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 10,692 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 89.89% of the company’s stock.

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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