SPX Flow (NYSE:FLOW) Price Target Lowered to $40.00 at Buckingham Research
SPX Flow (NYSE:FLOW) had its target price decreased by Buckingham Research from $46.00 to $40.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the industrial products company’s stock.
FLOW has been the subject of a number of other reports. Zacks Investment Research raised SPX Flow from a sell rating to a hold rating in a report on Monday, August 5th. Seaport Global Securities lowered SPX Flow from a buy rating to a neutral rating in a report on Tuesday, August 13th. Finally, ValuEngine raised SPX Flow from a sell rating to a hold rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $39.80.
SPX Flow stock opened at $33.80 on Thursday. SPX Flow has a one year low of $27.23 and a one year high of $54.13. The business has a fifty day moving average price of $38.69 and a 200-day moving average price of $36.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.12 and a quick ratio of 1.77. The firm has a market capitalization of $1.40 billion, a P/E ratio of 15.03, a PEG ratio of 1.96 and a beta of 2.03.
A number of large investors have recently bought and sold shares of FLOW. Millennium Management LLC acquired a new stake in SPX Flow during the 4th quarter worth about $1,693,000. Norges Bank acquired a new stake in SPX Flow during the 4th quarter worth about $18,742,000. Pennsylvania Trust Co acquired a new stake in SPX Flow during the 1st quarter worth about $234,000. Oppenheimer Asset Management Inc. raised its holdings in SPX Flow by 1.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 702,057 shares of the industrial products company’s stock worth $22,396,000 after buying an additional 9,320 shares during the period. Finally, Bailard Inc. acquired a new stake in SPX Flow during the 1st quarter worth about $271,000. 90.41% 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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