Flow International Corp (FLOW) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Flow International Corp (NASDAQ:FLOW) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $39.25.
Several research firms have weighed in on FLOW. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $38.00 price target on shares of Flow International Corp in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 price objective on shares of Flow International Corp in a research report on Sunday, September 3rd. BidaskClub upgraded Flow International Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 2nd. Susquehanna Bancshares Inc upgraded Flow International Corp from a “neutral” rating to a “positive” rating and increased their price objective for the company from $41.00 to $42.00 in a research report on Tuesday, August 8th. Finally, UBS AG upgraded Flow International Corp from a “neutral” rating to a “positive” rating in a research report on Tuesday, August 8th.
In other news, VP Stephen A. Tsoris sold 5,850 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.00, for a total transaction of $204,750.00. Following the transaction, the vice president now directly owns 44,694 shares in the company, valued at approximately $1,564,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new position in Flow International Corp during the 2nd quarter worth approximately $337,000. Rhumbline Advisers grew its position in Flow International Corp by 6.9% during 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 during the last quarter. Aperio Group LLC grew its position in Flow International Corp by 1.7% during 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 during the last quarter. Rex Capital Advisors LLC bought a new position in Flow International Corp during the 1st quarter worth approximately $315,000. Finally, Karp Capital Management Corp bought a new position in Flow International Corp during the 1st quarter worth approximately $2,091,000.
Flow International Corp (NASDAQ:FLOW) opened at 33.60 on Friday. The firm has a 50-day moving average price of $33.76 and a 200-day moving average price of $35.45. The company has a market cap of $1.42 billion and a PE ratio of 280.00. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $40.66.
Flow International Corp (NASDAQ:FLOW) last released 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 million during the quarter, compared to analysts’ expectations of $499.28 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that Flow International Corp will post $0.15 EPS for the current year.
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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