Equity Analysts at Stifel Nicolaus Reiterate their “Buy” rating for SPX FLOW (FLOW). The Price Target is Set to $61; Select Equity Group LP Decreased Mgic Invt Wis (MTG) Position

April 16, 2018 - By Winifred Garcia

SPX FLOW, Inc. (NYSE:FLOW) Logo

Select Equity Group Lp decreased Mgic Invt Corp Wis (MTG) stake by 9.56% reported in 2017Q4 SEC filing. Select Equity Group Lp sold 183,912 shares as Mgic Invt Corp Wis (MTG)’s stock declined 11.07%. The Select Equity Group Lp holds 1.74M shares with $24.54 billion value, down from 1.92M last quarter. Mgic Invt Corp Wis now has $3.99B valuation. The stock decreased 1.28% or $0.14 during the last trading session, reaching $10.77. About 3.02M shares traded. MGIC Investment Corporation (NYSE:MTG) has risen 30.58% since April 16, 2017 and is uptrending. It has outperformed by 19.03% the S&P500.

In analysts note sent to investors and clients on Monday, 16 April, SPX FLOW (FLOW) stock had its “Buy” Rating restate by equity analysts at Stifel Nicolaus. They currently have a $61 target on firm. Stifel Nicolaus’s target suggests a potential upside of 23.86% from the company’s stock close price.

Among 8 analysts covering SPX FLOW (FLOW), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. SPX FLOW has $62.0 highest and $22 lowest target. $54.50’s average target is 10.66% above currents $49.25 stock price. SPX FLOW had 25 analyst reports since March 10, 2016 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Thursday, March 8 report. The firm has “Hold” rating given on Wednesday, October 11 by RBC Capital Markets. Susquehanna maintained SPX FLOW, Inc. (NYSE:FLOW) rating on Friday, January 12. Susquehanna has “Buy” rating and $55.0 target. The company was maintained on Monday, July 10 by RBC Capital Markets. Stifel Nicolaus maintained the shares of FLOW in report on Friday, September 1 with “Buy” rating. The stock of SPX FLOW, Inc. (NYSE:FLOW) has “Hold” rating given on Monday, July 24 by RBC Capital Markets. The stock of SPX FLOW, Inc. (NYSE:FLOW) has “Buy” rating given on Wednesday, December 13 by Robert W. Baird. The firm earned “Neutral” rating on Tuesday, January 23 by UBS. The firm has “Positive” rating given on Tuesday, August 8 by Susquehanna. RBC Capital Markets maintained SPX FLOW, Inc. (NYSE:FLOW) on Tuesday, February 6 with “Hold” rating.

The stock decreased 0.93% or $0.46 during the last trading session, reaching $49.25. About 113,405 shares traded. SPX FLOW, Inc. (FLOW) has risen 50.89% since April 16, 2017 and is uptrending. It has outperformed by 39.34% the S&P500.

Analysts await SPX FLOW, Inc. (NYSE:FLOW) to report earnings on May, 2. They expect $0.37 earnings per share, up 3,800.00% or $0.38 from last year’s $-0.01 per share. FLOW’s profit will be $15.72 million for 33.28 P/E if the $0.37 EPS becomes a reality. After $0.52 actual earnings per share reported by SPX FLOW, Inc. for the previous quarter, Wall Street now forecasts -28.85% negative EPS growth.

SPX FLOW, Inc. provides various engineered solutions worldwide. The company has market cap of $2.09 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 44.77 P/E ratio. It operates through three divisions: Food and Beverage, Power and Energy, and Industrial.

Investors sentiment increased to 1.32 in Q4 2017. Its up 0.17, from 1.15 in 2017Q3. It increased, as 14 investors sold MTG shares while 99 reduced holdings. 53 funds opened positions while 96 raised stakes. 335.64 million shares or 0.76% more from 333.10 million shares in 2017Q3 were reported. Raymond James Services Advsr owns 0% invested in MGIC Investment Corporation (NYSE:MTG) for 44,944 shares. Livforsakringsbolaget Skandia Omsesidigt owns 75,700 shares. Deutsche Retail Bank Ag invested in 1.90 million shares. Clinton Gru reported 0.09% in MGIC Investment Corporation (NYSE:MTG). Nordea Mgmt Ab holds 0.03% or 1.00 million shares. Apg Asset Management Nv reported 3.99M shares. Numeric Ltd Liability Company holds 0.24% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 2.38 million shares. Teachers Retirement Sys Of The State Of Kentucky reported 0.02% stake. Captrust Financial Advsr invested 0% in MGIC Investment Corporation (NYSE:MTG). Ameriprise Financial Inc accumulated 5.89M shares. Tower Research (Trc) reported 435 shares. Clearbridge Invests Limited Liability Corp accumulated 5.76M shares. Morgan Stanley has 3.19 million shares. Wells Fargo & Communication Mn holds 1.70 million shares or 0.01% of its portfolio. Public Employees Retirement Association Of Colorado invested 0.01% in MGIC Investment Corporation (NYSE:MTG).

Select Equity Group Lp increased Grupo Televisa Sa (NYSE:TV) stake by 1.60M shares to 12.08M valued at $225.55B in 2017Q4. It also upped Bright Horizons Fam Sol In D (NYSE:BFAM) stake by 185,571 shares and now owns 4.13 million shares. National Oilwell Varco Inc (NYSE:NOV) was raised too.

Analysts await MGIC Investment Corporation (NYSE:MTG) to report earnings on April, 19. They expect $0.36 earnings per share, up 16.13% or $0.05 from last year’s $0.31 per share. MTG’s profit will be $133.50 million for 7.48 P/E if the $0.36 EPS becomes a reality. After $0.43 actual earnings per share reported by MGIC Investment Corporation for the previous quarter, Wall Street now forecasts -16.28% negative EPS growth.

MGIC Investment Corporation (NYSE:MTG) Institutional Positions Chart

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