Today’s Market Runner: SPX Flow Inc Has Another Very Strong Trading Session

Today's Market Runner: SPX Flow Inc Has Another Very Strong Trading Session

The stock of SPX Flow Inc (NYSE:FLOW) is a huge mover today! About 278,581 shares traded hands. SPX Flow Inc (NYSE:FLOW) has risen 3.76% since April 8, 2016 and is uptrending. It has underperformed by 1.89% the S&P500.
The move comes after 8 months positive chart setup for the $1.27 billion company. It was reported on Nov, 10 by Barchart.com. We have $37.81 PT which if reached, will make NYSE:FLOW worth $431.80M more.

SPX Flow Inc (NYSE:FLOW) Ratings Coverage

Out of 8 analysts covering Spx Flow Inc (NYSE:FLOW), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. Spx Flow Inc has been the topic of 20 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Thursday, February 11 by RBC Capital Markets. Credit Suisse initiated it with “Neutral” rating and $39 target price in Tuesday, September 29 report. Robert W. Baird initiated the shares of FLOW in a report on Thursday, October 1 with “Outperform” rating. Morgan Stanley initiated SPX Flow Inc (NYSE:FLOW) on Wednesday, November 25 with “Equal-Weight” rating. As per Wednesday, October 28, the company rating was initiated by UBS. RBC Capital Markets initiated it with “Underperform” rating and $32 target price in Thursday, October 1 report. The stock of SPX Flow Inc (NYSE:FLOW) earned “Neutral” rating by Susquehanna on Tuesday, September 29. Bank of America initiated the stock with “Underperform” rating in Tuesday, October 13 report. On Thursday, October 29 the stock rating was maintained by Stifel Nicolaus with “Buy”. William Blair initiated the stock with “Market Perform” rating in Thursday, November 19 report.

According to Zacks Investment Research, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina.”

More notable recent SPX Flow Inc (NYSE:FLOW) news were published by: Prnewswire.com which released: “SPX FLOW Reports Third Quarter 2016 Results” on November 02, 2016, also Prnewswire.com with their article: “SPX FLOW, Inc. Announces Expiration and Results of its Cash Tender Offer for …” published on August 10, 2016, Prnewswire.com published: “SPX FLOW, Inc. Completes Spin-Off from SPX Corporation” on September 28, 2015. More interesting news about SPX Flow Inc (NYSE:FLOW) were released by: Prnewswire.com and their article: “SPX FLOW, Inc. Commences Cash Tender Offer for Any and All of its 6.875 …” published on August 03, 2016 as well as Prnewswire.com‘s news article titled: “SPX FLOW Reports Second Quarter 2016 Results” with publication date: August 03, 2016.

FLOW Company Profile

SPX FLOW, Inc., incorporated on February 11, 2015, is a global supplier of engineered solutions. The Firm engineers, designs, makes and markets products and solutions used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems and components, as well as aftermarket components and support services. The Firm operates through three divisions: Food and Beverage; Power and Energy, and Industrial. 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 supports global industries, including food and beverage; gas and oil; power generation, including nuclear and conventional; chemical processing, and compressed air and mining.

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