Flow International Corp (FLOW) Receives Consensus Recommendation of “Buy” from Analysts
Flow International Corp (NASDAQ:FLOW) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $43.67.
A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Flow International Corp from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub upgraded Flow International Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, September 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $47.00 price objective on shares of Flow International Corp in a report on Sunday, September 3rd.
In related 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 completion of the transaction, the vice president now directly owns 44,694 shares in the company, valued at $1,564,290. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several large investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. bought a new position in shares of Flow International Corp during the third quarter worth about $319,000. Piedmont Investment Advisors LLC bought a new position in shares of Flow International Corp during the second quarter worth about $337,000. Rhumbline Advisers grew its holdings in shares of Flow International Corp by 6.9% during the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock worth $3,068,000 after buying an additional 5,370 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Flow International Corp by 1.7% during the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after buying an additional 996 shares in the last quarter.
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Shares of Flow International Corp (NASDAQ:FLOW) opened at 41.39 on Friday. The company has a market cap of $1.75 billion and a PE ratio of 344.92. Flow International Corp has a 52 week low of $22.34 and a 52 week high of $43.26. The company has a 50 day moving average price of $39.50 and a 200 day moving average price of $39.50.
Flow International Corp (NASDAQ:FLOW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.04). The firm had revenue of $498.00 million during the quarter, compared to the consensus estimate of $499.28 million. Flow International Corp’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities analysts expect that Flow International Corp will post $0.15 earnings per share 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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