StockNews.com Begins Coverage on SPX FLOW (NYSE:FLOW)

StockNews.com started coverage on shares of SPX FLOW (NYSE:FLOW – Get Rating) in a report issued on Tuesday. The firm set a “hold” rating on the industrial products company’s stock.

FLOW has been the topic of several other research reports. Barclays lifted their price objective on shares of SPX FLOW from $75.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 4th. Zacks Investment Research downgraded SPX FLOW from a “buy” rating to a “sell” rating in a research report on Monday, February 21st. Finally, Seaport Res Ptn reiterated a “neutral” rating on shares of SPX FLOW in a research report on Tuesday, February 22nd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $81.00.

NYSE FLOW opened at $86.49 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.22 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 54.40 and a beta of 1.61. The firm’s 50 day simple moving average is $86.07 and its 200 day simple moving average is $83.39. SPX FLOW has a 1 year low of $60.92 and a 1 year high of $88.55.

SPX FLOW (NYSE:FLOW – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.17). The business had revenue of $394.00 million for the quarter, compared to the consensus estimate of $399.50 million. SPX FLOW had a net margin of 4.36% and a return on equity of 11.34%. SPX FLOW’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS. On average, equities research analysts forecast that SPX FLOW will post 3.78 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in SPX FLOW by 4.5% during the 3rd quarter. CIBC Asset Management Inc now owns 3,646 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 156 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of SPX FLOW by 3.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 5,734 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 183 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of SPX FLOW by 1.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 20,300 shares of the industrial products company’s stock valued at $1,756,000 after acquiring an additional 200 shares during the last quarter. Swiss National Bank raised its holdings in shares of SPX FLOW by 0.3% during the third quarter. Swiss National Bank now owns 93,218 shares of the industrial products company’s stock valued at $6,814,000 after acquiring an additional 300 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of SPX FLOW by 2.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 16,732 shares of the industrial products company’s stock valued at $1,447,000 after acquiring an additional 352 shares during the last quarter. 96.39% of the stock is owned by hedge funds and other institutional investors.

About SPX FLOW (Get Rating)

SPX FLOW, Inc, together with its subsidiaries, researches, designs, develops, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Nutrition and Health segment, and Precision Solutions.

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