Flow International Corp (NASDAQ:FLOW) Receives Average Recommendation of “Hold” from Analysts
Shares of Flow International Corp (NASDAQ:FLOW) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.67.
Several equities analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 price target on shares of Flow International Corp in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of Flow International Corp from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Tuesday, July 4th. Wolfe Research assumed coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Susquehanna Bancshares Inc upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating and increased their price target for the company from $41.00 to $42.00 in a research note on Tuesday, August 8th. Finally, UBS AG upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating in a research note on Tuesday, August 8th.
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Shares of Flow International Corp (NASDAQ:FLOW) opened at 33.70 on Tuesday. The stock has a 50 day moving average of $36.00 and a 200-day moving average of $35.78. The company has a market capitalization of $1.43 billion and a PE ratio of 280.83. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $40.66.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $498 million for the quarter, compared to the consensus estimate of $499.28 million. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Analysts predict that Flow International Corp will post $0.15 earnings per share for the current fiscal year.
In other Flow International Corp news, VP Stephen A. Tsoris sold 5,850 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total value of $204,750.00. Following the transaction, the vice president now directly owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of institutional investors have recently made changes to their positions in FLOW. Rex Capital Advisors LLC purchased a new stake in Flow International Corp during the first quarter valued at $315,000. Russell Investments Group Ltd. increased its stake in Flow International Corp by 5.5% in 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 last quarter. Karp Capital Management Corp purchased a new stake in Flow International Corp during the first quarter valued at $2,091,000. Aperio Group LLC increased its stake in Flow International Corp by 1.7% in 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 last quarter. Finally, Rhumbline Advisers increased its stake in Flow International Corp by 6.9% in 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 last quarter.
Flow International Corp Company Profile
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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