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.
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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