BidaskClub upgraded shares of Flow International Corp (NASDAQ:FLOW) from a buy rating to a strong-buy rating in a report published on Friday morning.
FLOW has been the subject of several other reports. Stifel Nicolaus reaffirmed a buy rating and set a $46.00 price objective on shares of Flow International Corp in a research note on Friday, July 14th. Robert W. Baird reaffirmed a buy rating and set a $50.00 price objective on shares of Flow International Corp in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Flow International Corp from a hold rating to a buy rating and set a $41.00 price objective for the company in a research note on Tuesday, July 4th. Wolfe Research began coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They set a market perform rating for the company. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $38.00 price objective on shares of Flow International Corp in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $42.14.
Shares of Flow International Corp (NASDAQ FLOW) traded up 2.09% during mid-day trading on Friday, reaching $41.45. The company’s stock had a trading volume of 195,140 shares. The company’s 50-day moving average is $38.46 and its 200 day moving average is $38.46. The firm has a market cap of $1.76 billion and a price-to-earnings ratio of 345.42. Flow International Corp has a 12 month low of $22.34 and a 12 month high of $41.97.
Flow International Corp (NASDAQ:FLOW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The business had revenue of $498.00 million for the quarter, compared to analyst estimates of $499.28 million. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. On average, equities analysts anticipate that Flow International Corp will post $0.15 EPS for the current year.
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In related news, VP Stephen A. Tsoris sold 5,850 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $204,750.00. Following the transaction, the vice president now owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in FLOW. Piedmont Investment Advisors LLC purchased a new position in shares of Flow International Corp during the second quarter valued at about $337,000. Rhumbline Advisers increased its position in shares of Flow International Corp by 6.9% during the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after buying an additional 5,370 shares during the period. Russell Investments Group Ltd. increased its position in shares of Flow International Corp by 5.5% during the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock valued at $977,000 after buying an additional 1,468 shares during the period. Finally, Aperio Group LLC increased its position in shares of Flow International Corp by 1.7% during the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after buying an additional 996 shares during the period.
About Flow International Corp
SPX FLOW, Inc provides various engineered solutions worldwide. The company engineers, designs, manufactures, 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.
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