Somewhat Favorable Press Coverage Somewhat Unlikely to Impact SPX Flow (FLOW) Share Price
Press coverage about SPX Flow (NYSE:FLOW) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SPX Flow earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.468350436698 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
FLOW has been the topic of several recent analyst reports. Seaport Global Securities reissued a “buy” rating on shares of SPX Flow in a research note on Wednesday, November 1st. Stifel Nicolaus upped their price objective on shares of SPX Flow from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Wolfe Research downgraded shares of SPX Flow from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.00.
SPX Flow (FLOW) traded down $0.38 during trading hours on Monday, reaching $47.10. 143,200 shares of the company’s stock were exchanged, compared to its average volume of 194,706. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.19 and a current ratio of 1.67. The stock has a market capitalization of $2,000.00 and a P/E ratio of 88.87. SPX Flow has a 12 month low of $31.06 and a 12 month high of $48.21.
In other news, VP Kevin Eamigh sold 6,944 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $45.67, for a total value of $317,132.48. Following the transaction, the vice president now owns 43,013 shares of the company’s stock, valued at approximately $1,964,403.71. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David Adam Kowalski sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $41.94, for a total transaction of $1,006,560.00. Following the completion of the transaction, the insider now directly owns 118,033 shares in the company, valued at approximately $4,950,304.02. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.
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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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