BidaskClub upgraded shares of Flow International Corp (NASDAQ:FLOW) from a sell rating to a hold rating in a research note published on Wednesday morning.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Flow International Corp from a buy rating to a hold rating in a research report on Monday, July 10th. Stifel Nicolaus reiterated a buy rating and issued a $46.00 price objective on shares of Flow International Corp in a research report on Friday, July 14th. Wolfe Research started coverage on Flow International Corp in a research report on Tuesday, July 11th. They issued a market perform rating on the stock. Royal Bank Of Canada reiterated a hold rating and issued a $38.00 price objective on shares of Flow International Corp in a research report on Wednesday, September 6th. Finally, UBS AG upgraded Flow International Corp from a neutral rating to a positive rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $40.50.
Shares of Flow International Corp (FLOW) opened at 36.32 on Wednesday. The company has a market cap of $1.54 billion and a P/E ratio of 302.67. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $36.83. The stock has a 50 day moving average price of $35.72 and a 200-day moving average price of $35.25.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings data 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 business had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $499.28 million. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. Analysts predict that Flow International Corp will post $0.15 earnings per share for the current fiscal year.
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In other news, VP Stephen A. Tsoris sold 5,850 shares of the stock in a transaction on Tuesday, August 8th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Hedge funds have recently bought and sold shares of the company. Rex Capital Advisors LLC acquired a new position in shares of Flow International Corp in the 1st quarter valued at $315,000. Piedmont Investment Advisors LLC acquired a new position in shares of Flow International Corp in the 2nd quarter valued at $337,000. Russell Investments Group Ltd. lifted its stake in shares of Flow International Corp by 5.5% in the 1st quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock valued at $977,000 after purchasing an additional 1,468 shares during the period. Karp Capital Management Corp acquired a new position in shares of Flow International Corp in the 1st quarter valued at $2,091,000. Finally, Aperio Group LLC lifted its stake in shares of Flow International Corp by 1.7% in the 2nd quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after purchasing an additional 996 shares during the period.
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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