SPX FLOW, Inc. (FLOW) Touches $48.37 High on Jan, 14; Mercantile Bank (MBWM) Has 1.06 Sentiment

January 14, 2018 - By Maria Brooks

The stock of SPX FLOW, Inc. (NYSE:FLOW) reached all time high today, Jan, 14 and still has $51.27 target or 6.00% above today’s $48.37 share price. This indicates more upside for the $2.05 billion company. This technical setup was reported by Barchart.com. If the $51.27 PT is reached, the company will be worth $123.06M more. The stock increased 1.13% or $0.54 during the last trading session, reaching $48.37. About 198,059 shares traded. SPX FLOW, Inc. (NYSE:FLOW) has risen 40.57% since January 14, 2017 and is uptrending. It has outperformed by 23.87% the S&P500.

Mercantile Bank Corporation operates as the bank holding firm for Mercantile Bank of Michigan that provides commercial banking services for small- to medium-sized businesses and individuals in the United States. The company has market cap of $617.62 million. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit, as well as repurchase agreements. It has a 19.62 P/E ratio. The firm also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner occupied real estate, non-owner occupied real estate, and multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as loans for new and used automobiles, boats, and credit cards, as well as overdraft protection for its checking account customers.

SPX FLOW, Inc. provides various engineered solutions worldwide. The company has market cap of $2.05 billion. 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. It has a 89.57 P/E ratio. It operates through three divisions: Food and Beverage, Power and Energy, and Industrial.

Among 9 analysts covering Spx Flow Inc (NYSE:FLOW), 4 have Buy rating, 2 Sell and 3 Hold. Therefore 44% are positive. Spx Flow Inc had 23 analyst reports since September 29, 2015 according to SRatingsIntel. On Thursday, October 1 the stock rating was initiated by Robert W. Baird with “Outperform”. The rating was upgraded by Seaport Global on Thursday, January 21 to “Accumulate”. The rating was upgraded by Susquehanna on Tuesday, August 8 to “Positive”. Susquehanna initiated SPX FLOW, Inc. (NYSE:FLOW) rating on Tuesday, September 29. Susquehanna has “Neutral” rating and $34 target. The stock has “Buy” rating by UBS on Wednesday, October 28. RBC Capital Markets initiated the stock with “Underperform” rating in Thursday, October 1 report. Morgan Stanley initiated it with “Equal-Weight” rating and $38 target in Wednesday, November 25 report. The rating was maintained by Credit Suisse with “Sell” on Wednesday, April 12. The firm earned “Underperform” rating on Thursday, February 11 by RBC Capital Markets. Stifel Nicolaus initiated the stock with “Buy” rating in Monday, October 5 report.

Analysts await SPX FLOW, Inc. (NYSE:FLOW) to report earnings on February, 14. They expect $0.48 EPS, up 4.35% or $0.02 from last year’s $0.46 per share. FLOW’s profit will be $20.35M for 25.19 P/E if the $0.48 EPS becomes a reality. After $0.42 actual EPS reported by SPX FLOW, Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Analysts await Mercantile Bank Corporation (NASDAQ:MBWM) to report earnings on January, 16. They expect $0.50 EPS, up 2.04% or $0.01 from last year’s $0.49 per share. MBWM’s profit will be $8.25 million for 18.73 P/E if the $0.50 EPS becomes a reality. After $0.51 actual EPS reported by Mercantile Bank Corporation for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $614,071 activity.

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