SPX Flow Inc (FLOW) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $22 . RBC Capital Mkts advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on SPX Flow Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $38 .Company shares were Upgraded by Seaport Global Securities on May 5, 2016 to ” Buy”, Firm has raised the Price Target to $ 37 from a previous price target of $20 .Company shares were Upgraded by RBC Capital Mkts on Mar 10, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $15 .
On the company’s financial health, SPX Flow Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.03. The company had revenue of $505.00 million for the quarter, compared to analysts expectations of $498.72 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
In a different news, on Feb 29, 2016, Belinda Hyde (VP and CHRO) purchased 1,400 shares at $18.35 per share price. According to the SEC, on Feb 19, 2016, David J. Wilson (Pres., Industrial) purchased 37,000 shares at $16.94 per share price.
SPX FLOW Inc. is a global supplier of engineered flow components process equipment and turnkey systems along with the related aftermarket parts and services. The Company’s product portfolio includes pumps valves mixers filters air dryers hydraulic tools homogenizers separators and heat exchangers along with the related aftermarket parts and services. It operates in three segments: Food and Beverage Power and Energy and Industrial. The Food and Beverage segment products include mixing drying evaporation and separation systems and components heat exchangers and reciprocating and centrifugal pump technologies. The Power and Energy segment primarily serves customers in the oil and gas industry and the nuclear and other conventional power industries. The Industrial segment primarily serves customers in the chemical air treatment mining pharmaceutical marine shipbuilding infrastructure construction automotive and water treatment industries.