Flow International Corp (NASDAQ:FLOW) has received a consensus rating of “Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $47.20.
A number of equities research analysts have recently issued reports on FLOW shares. Robert W. Baird lifted their price target on shares of Flow International from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada reiterated a “hold” rating and set a $50.00 price target on shares of Flow International in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus reduced their price target on shares of Flow International from $62.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.
Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of Flow International during the 3rd quarter worth approximately $226,000. Thompson Investment Management Inc. raised its position in shares of Flow International by 17.0% during the 3rd quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock worth $834,000 after purchasing an additional 3,150 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Flow International by 23.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock worth $998,000 after purchasing an additional 4,976 shares during the last quarter. Rhumbline Advisers raised its position in shares of Flow International by 2.1% during the 3rd quarter. Rhumbline Advisers now owns 84,917 shares of the company’s stock worth $3,274,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Flow International during the 3rd quarter worth approximately $319,000.
Flow International (NASDAQ FLOW) traded down $0.43 during mid-day trading on Friday, hitting $53.09. 55,866 shares of the stock were exchanged, compared to its average volume of 310,206. Flow International has a 52 week low of $31.10 and a 52 week high of $54.80. The firm has a market cap of $198.17 and a P/E ratio of 1,338.00.
Flow International (NASDAQ:FLOW) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $529.20 million for the quarter, compared to analyst estimates of $511.67 million.
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About Flow International
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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