Flow International Corp (NASDAQ:FLOW) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other research firms have also issued reports on FLOW. Stifel Nicolaus reiterated a “buy” rating and set a $47.00 target price on shares of Flow International Corp in a report on Sunday, September 3rd. Zacks Investment Research lowered Flow International Corp from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 13th. UBS AG upgraded Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Susquehanna Bancshares Inc upgraded Flow International Corp from a “neutral” rating to a “positive” rating and upped their target price for the stock from $41.00 to $42.00 in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 target price on shares of Flow International Corp in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.50.
Flow International Corp (NASDAQ:FLOW) traded down 0.82% during midday trading on Thursday, hitting $37.63. The stock had a trading volume of 83,410 shares. Flow International Corp has a 52 week low of $22.34 and a 52 week high of $38.10. The stock has a 50-day moving average of $36.27 and a 200-day moving average of $36.27. The firm has a market cap of $1.59 billion and a P/E ratio of 313.58.
Flow International Corp (NASDAQ:FLOW) last released its earnings results 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 during the quarter, compared to analyst estimates of $499.28 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. Analysts forecast that Flow International Corp will post $0.15 EPS for the current fiscal year.
In related news, VP Stephen A. Tsoris sold 5,850 shares of the company’s 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 sale, the vice president now owns 44,694 shares in the company, valued at $1,564,290. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in FLOW. Karp Capital Management Corp acquired a new position in Flow International Corp during the first quarter worth approximately $2,091,000. Piedmont Investment Advisors LLC acquired a new position in Flow International Corp during the second quarter worth approximately $337,000. Rex Capital Advisors LLC acquired a new position in Flow International Corp during the first quarter worth approximately $315,000. Rhumbline Advisers increased its position in 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 during the last quarter. Finally, Russell Investments Group Ltd. increased its position 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 buying an additional 1,468 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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