November 30, 2016 - By Richard Conner · 0 Comments
SPX Corp (NYSE:SPXC) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -0.69, from 1.52 in 2016Q1. The ratio dived, as 97 institutional investors increased or opened new holdings, while 64 sold and reduced their positions in SPX Corp. The institutional investors in our partner’s database now own: 33.83 million shares, down from 34.64 million shares in 2016Q1. Also, the number of institutional investors holding SPX Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 22 Reduced: 42 Increased: 63 New Position: 34.
SPX Corporation is a diversified, global supplier of infrastructure equipment. The company has a market cap of $1.01 billion. The Firm operates through three divisions: heating, ventilation and air conditioning ; Detection and Measurement, and Power. It currently has negative earnings. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.
The stock closed at $24.29 during the last session. It is down 43.13% since April 27, 2016 and is uptrending. It has outperformed by 37.91% the S&P500.
Analysts await SPX Corporation (NYSE:SPXC) to report earnings on February, 23. They expect $0.59 EPS, up 13.46% or $0.07 from last year’s $0.52 per share. SPXC’s profit will be $24.53 million for 10.29 P/E if the $0.59 EPS becomes a reality. After $0.14 actual EPS reported by SPX Corporation for the previous quarter, Wall Street now forecasts 321.43% EPS growth.
According to Zacks Investment Research, “SPX Corporation is a provider of technical products and systems, industrial products and services, service solutions and vehicle components. These products are primarily sold to customers throughout North America and Europe. As a global multi-industry company, SPX is focused on profitably growing businesses that have scale and growth potential. These businesses are grouped into four different segments: Technical Products and Systems, Industrial Products and Services, Flow Technology and Service Solutions.”
Ratings analysis reveals 75% of SPX FLOW’s analysts are positive. Out of 4 Wall Street analysts rating SPX FLOW, 3 give it “Buy”, 1 “Sell” rating, while 0 recommend “Hold”. The lowest target is $9 while the high is $40.0. The stock’s average target of $24.20 is -0.37% below today’s ($24.29) share price. SPXC was included in 9 notes of analysts from September 29, 2015. The firm has “Outperform” rating by Credit Suisse given on Monday, March 28. The stock of SPX Corporation (NYSE:SPXC) earned “Buy” rating by UBS on Thursday, June 2. The firm earned “Underperform” rating on Thursday, October 1 by RBC Capital Markets. Susquehanna initiated the shares of SPXC in a report on Tuesday, September 29 with “Neutral” rating. The firm earned “Neutral” rating on Tuesday, September 29 by Credit Suisse. Robert W. Baird initiated SPX Corporation (NYSE:SPXC) rating on Thursday, October 1. Robert W. Baird has “Outperform” rating and $40.0 price target.
SPX Corporation, incorporated on February 9, 1968, is a diversified, global supplier of infrastructure equipment. The Firm operates through three divisions: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products. The Company’s detection and measurement product lines encompass underground pipe and cable locators, and inspection equipment. Within its power platform, it is a maker of medium and large power transformers, as well as equipment for various types of power plant, including cooling equipment, heat exchangers and pollution control systems. The Firm has activities in approximately 20 countries.
More news for SPX Corporation (NYSE:SPXC) were recently published by: Zacks.com, which released: “SPX Corporation (SPXC) in Focus: Stock Moves 5.9% Higher” on November 25, 2016. Bizjournals.com‘s article titled: “SPX Corp. looks to sell under-performing business segments” and published on February 26, 2016 is yet another important article.
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By Richard Conner