Flow International Corp (FLOW) Earns “Buy” Rating from Robert W. Baird
Flow International Corp (NASDAQ:FLOW)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a report issued on Wednesday. They currently have a $50.00 target price on the stock. Robert W. Baird’s price objective suggests a potential upside of 23.98% from the stock’s current price.
Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Flow International Corp from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, July 4th. Wolfe Research initiated coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Stifel Nicolaus reiterated a “buy” rating and set a $46.00 target price on shares of Flow International Corp in a research note on Friday, July 14th. UBS AG raised shares of Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc raised shares of Flow International Corp from a “neutral” rating to a “positive” rating and increased their price target for the company from $41.00 to $42.00 in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $42.14.
Shares of Flow International Corp (FLOW) traded up 0.260% during mid-day trading on Wednesday, hitting $40.435. The stock had a trading volume of 56,450 shares. Flow International Corp has a 52 week low of $22.34 and a 52 week high of $40.77. The stock has a market cap of $1.71 billion and a P/E ratio of 336.958. The stock has a 50-day moving average price of $37.67 and a 200 day moving average price of $37.67.
Flow International Corp (NASDAQ:FLOW) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). The business had revenue of $498.00 million during the quarter, compared to the consensus estimate of $499.28 million. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, equities analysts forecast 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 the firm’s stock in a transaction dated Tuesday, August 8th. The shares were 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 of the company’s stock, valued at approximately $1,564,290. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional investors have recently modified their holdings of the company. Rhumbline Advisers increased its stake in Flow International Corp by 6.9% in the second 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. Russell Investments Group Ltd. lifted 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 lifted its stake in 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 purchasing an additional 996 shares during the period. Piedmont Investment Advisors LLC bought a new position in Flow International Corp during the second quarter worth about $337,000. Finally, Rex Capital Advisors LLC acquired a new stake in Flow International Corp during the first quarter valued at approximately $315,000.
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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