SPX FLOW, Inc. (NYSE:FLOW) was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating in a report released on Monday.
A number of other equities research analysts have also recently commented on the company. BidaskClub cut SPX FLOW from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Seaport Global Securities reissued a “buy” rating on shares of SPX FLOW in a research note on Wednesday, November 1st. Stifel Nicolaus raised their price objective on SPX FLOW from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Susquehanna Bancshares Inc raised SPX FLOW from a “neutral” rating to a “positive” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $38.00.
Shares of SPX FLOW (FLOW) traded up $0.27 on Monday, hitting $42.03. The stock had a trading volume of 113,600 shares, compared to its average volume of 187,366. SPX FLOW has a 52 week low of $29.55 and a 52 week high of $43.26. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $1,781.87, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.17 and a beta of 2.77.
A hedge fund recently raised its stake in SPX FLOW stock. Spitfire Capital LLC grew its stake in SPX FLOW, Inc. (NYSE:FLOW) by 3.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,984 shares of the industrial products company’s stock after purchasing an additional 8,884 shares during the quarter. SPX FLOW makes up about 4.2% of Spitfire Capital LLC’s holdings, making the stock its 12th largest position. Spitfire Capital LLC owned approximately 0.62% of SPX FLOW worth $10,179,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 85.68% of the company’s stock.
About SPX FLOW
SPX FLOW, Inc is a global supplier of engineered solutions. As of December 31, 2016, the Company had operations in over 30 countries and sales in over 150 countries around the world. The Company operates in three business segments: Food and Beverage, Power and Energy, and Industrial. Its product portfolio of pumps, valves, mixers, filters, air dryers, hydraulic tools, homogenizers, separators and heat exchangers, along with the related aftermarket parts and services, supports global industries, including food and beverage, oil and gas, power generation, chemical processing, compressed air and mining.
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