Flow International Corp (FLOW) Upgraded to “Buy” by Zacks Investment Research
Flow International Corp (NASDAQ:FLOW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $47.00 target price on the stock. Zacks Investment Research‘s target price points to a potential upside of 12.55% from the company’s previous close.
According to Zacks, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina. “
Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price objective on shares of Flow International Corp in a research note on Sunday, September 3rd. Robert W. Baird reaffirmed a “buy” rating and set a $50.00 price target on shares of Flow International Corp in a research note on Wednesday, October 4th. BidaskClub raised shares of Flow International Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price target on shares of Flow International Corp in a research note on Wednesday, September 6th. Finally, Wolfe Research initiated coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $43.86.
Flow International Corp (NASDAQ:FLOW) traded down 0.97% during mid-day trading on Tuesday, reaching $41.76. 100,681 shares of the company traded hands. Flow International Corp has a 52-week low of $22.34 and a 52-week high of $42.26. The stock has a 50-day moving average of $38.46 and a 200 day moving average of $38.46. The stock has a market capitalization of $1.77 billion and a PE ratio of 348.00.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million for the quarter, compared to analyst estimates of $499.28 million. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Equities research analysts expect that Flow International Corp will post $0.15 earnings per share for the current 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 transaction of $204,750.00. Following the transaction, the vice president now owns 44,694 shares of the company’s stock, valued at $1,564,290. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
A number of large investors have recently bought and sold shares of FLOW. Russell Investments Group Ltd. raised its stake in Flow International Corp by 5.5% during the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after purchasing an additional 1,468 shares during the period. Aperio Group LLC increased its position in shares of Flow International Corp by 1.7% in the second 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. Rhumbline Advisers increased its position in shares of Flow International Corp by 6.9% in the second 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. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Flow International Corp in the second quarter worth $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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