Barclays Reaffirms “Hold” Rating for SPX Flow (NYSE:FLOW)

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.

SPX Flow (NYSE:FLOW) last posted its quarterly earnings data on Tuesday, February 11th. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.02). SPX Flow had a negative net margin of 5.85% and a positive return on equity of 8.62%. The firm had revenue of $364.30 million for the quarter, compared to the consensus estimate of $365.08 million. During the same quarter last year, the firm earned ($0.87) EPS. The company’s revenue was down 11.5% on a year-over-year basis. On average, equities analysts expect that SPX Flow will post 1.78 earnings per share for the current fiscal year.

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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