Barclays reiterated their hold rating on shares of SPX Flow (NYSE:FLOW) in a report released on Monday morning, AnalystRatings.com reports. They currently have a $38.00 price objective on the industrial products company’s stock.
A number of other brokerages have also issued reports on FLOW. Vertical Research raised shares of SPX Flow from a sell rating to a hold rating in a research note on Tuesday, February 11th. TheStreet lowered shares of SPX Flow from a b- rating to a c rating in a research note on Monday, February 3rd. ValuEngine lowered shares of SPX Flow from a buy rating to a hold rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research lowered shares of SPX Flow from a buy rating to a hold rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $49.00.
FLOW stock traded up $3.81 during mid-day trading on Monday, reaching $23.77. 399,123 shares of the stock traded hands, compared to its average volume of 267,022. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.51 and a current ratio of 1.80. SPX Flow has a one year low of $15.74 and a one year high of $49.94. The stock has a market capitalization of $818.03 million, a PE ratio of -10.76, a PEG ratio of 1.51 and a beta of 2.09. The business has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $41.73.
In other news, insider Jose Larios sold 18,439 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $41.49, for a total transaction of $765,034.11. Following the completion of the sale, the insider now directly owns 19,194 shares of the company’s stock, valued at $796,359.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 21,183 shares of company stock valued at $856,736 over the last three months. Insiders own 2.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new stake in SPX Flow in the fourth quarter worth about $29,000. Evoke Wealth LLC purchased a new stake in SPX Flow in the third quarter worth about $35,000. Aigen Investment Management LP purchased a new stake in SPX Flow in the fourth quarter worth about $67,000. Financial Architects Inc lifted its stake in SPX Flow by 149.0% in the fourth quarter. Financial Architects Inc now owns 1,945 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 1,164 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in SPX Flow in the third quarter worth about $101,000. 94.49% of the stock is owned by institutional investors.
SPX Flow Company Profile
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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