Flow International Corp (NASDAQ:FLOW)‘s stock had its “buy” rating reaffirmed by Robert W. Baird in a research report issued to clients and investors on Wednesday, October 4th. They presently have a $50.00 price target on the stock. Robert W. Baird’s price objective indicates a potential upside of 18.57% from the stock’s previous close.
A number of other analysts have also recently commented on the stock. Stifel Nicolaus upped their target price on shares of Flow International Corp from $47.00 to $49.00 and gave the company a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Flow International Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Wolfe Research started coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research cut shares of Flow International Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Finally, Susquehanna Bancshares Inc upgraded shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.00.
Flow International Corp (FLOW) traded down 0.02% during midday trading on Wednesday, reaching $42.16. The company had a trading volume of 20,236 shares. Flow International Corp has a 12 month low of $22.34 and a 12 month high of $42.26. The firm has a 50-day moving average of $38.46 and a 200-day moving average of $38.46. The stock has a market cap of $1.79 billion and a P/E ratio of 351.33.
Flow International Corp (NASDAQ:FLOW) last issued 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 firm had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $499.28 million. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities analysts expect that Flow International Corp will post $0.15 EPS for the current fiscal year.
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In other news, VP Stephen A. Tsoris sold 5,850 shares of Flow International Corp 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 owns 44,694 shares of the company’s stock, valued at approximately $1,564,290. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC lifted its stake in Flow International Corp by 1.7% during the 2nd quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after acquiring an additional 996 shares during the period. Russell Investments Group Ltd. lifted its stake in Flow International Corp by 5.5% during the 1st quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock valued at $977,000 after acquiring an additional 1,468 shares during the period. Rhumbline Advisers lifted its stake in Flow International Corp by 6.9% during the 2nd quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock valued at $3,068,000 after acquiring an additional 5,370 shares during the period. Rex Capital Advisors LLC acquired a new stake in Flow International Corp during the 1st quarter valued at approximately $315,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Flow International Corp during the 2nd quarter valued at approximately $337,000.
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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