Flow International Corp (NASDAQ:FLOW)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a note issued to investors on Tuesday, October 17th. They presently have a $55.00 price objective on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 32.88% from the stock’s current price.
FLOW has been the topic of a number of other reports. BidaskClub upgraded Flow International Corp from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Robert W. Baird restated a “buy” rating and issued a $50.00 price objective on shares of Flow International Corp in a report on Wednesday, October 4th. Zacks Investment Research upgraded Flow International Corp from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Tuesday, July 4th. Wolfe Research assumed coverage on Flow International Corp in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 target price on shares of Flow International Corp in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $43.86.
Flow International Corp (NASDAQ FLOW) opened at 41.39 on Tuesday. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $43.26. The company has a market capitalization of $1.75 billion and a PE ratio of 344.92. The stock has a 50 day moving average of $39.36 and a 200-day moving average of $39.36.
Flow International Corp (NASDAQ:FLOW) last released its earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $499.28 million. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. Equities analysts expect that Flow International Corp will post $0.15 earnings per share for the current year.
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In other Flow International Corp news, VP Stephen A. Tsoris sold 5,850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $204,750.00. Following the completion of the sale, the vice president now owns 44,694 shares in the company, valued at approximately $1,564,290. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC grew its position in shares of Flow International Corp by 1.7% in the 2nd quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after acquiring an additional 996 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Flow International Corp by 5.5% in the 1st quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after acquiring an additional 1,468 shares in the last quarter. Rhumbline Advisers grew its position in shares of Flow International Corp by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock worth $3,068,000 after acquiring an additional 5,370 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Flow International Corp in the 3rd quarter worth approximately $319,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Flow International Corp in the 2nd quarter worth approximately $337,000.
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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