Stifel Nicolaus Increases Flow International Corp (FLOW) Price Target to $49.00
Flow International Corp (NASDAQ:FLOW) had its target price lifted by stock analysts at Stifel Nicolaus from $47.00 to $49.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.50% from the stock’s current price.
Several other analysts have also weighed in on FLOW. BidaskClub upgraded shares of Flow International Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Zacks Investment Research downgraded shares of Flow International Corp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 13th. Susquehanna Bancshares Inc upgraded shares of Flow International Corp from a “neutral” rating to a “positive” rating and raised their price target for the stock from $41.00 to $42.00 in a research report on Tuesday, August 8th. UBS AG raised shares of Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Finally, Wolfe Research started coverage on shares of Flow International Corp in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Flow International Corp currently has an average rating of “Hold” and an average target price of $40.83.
Flow International Corp (FLOW) opened at 40.33 on Monday. The stock has a 50 day moving average of $37.67 and a 200-day moving average of $37.67. The firm has a market capitalization of $1.71 billion and a PE ratio of 336.08. Flow International Corp has a one year low of $22.34 and a one year high of $40.42.
Flow International Corp (NASDAQ:FLOW) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $499.28 million. Flow International Corp’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. On average, equities analysts predict that Flow International Corp will post $0.15 EPS for the current year.
In related news, VP Stephen A. Tsoris sold 5,850 shares of the company’s stock in a transaction on 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 approximately $1,564,290. The sale was disclosed in a document filed with the SEC, which is available through this link.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rex Capital Advisors LLC bought a new stake in Flow International Corp in the first quarter valued at $315,000. Piedmont Investment Advisors LLC acquired a new position in shares of Flow International Corp during the second quarter valued at $337,000. Russell Investments Group Ltd. boosted its holdings in shares of Flow International Corp by 5.5% during the first 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. Aperio Group LLC boosted 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 valued at $2,258,000 after acquiring an additional 996 shares during the period. Finally, Rhumbline Advisers boosted 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 valued at $3,068,000 after acquiring an additional 5,370 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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