Flow International Corp (FLOW) Given “Buy” Rating at Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of Flow International Corp (NASDAQ:FLOW) in a research report released on Wednesday morning. The brokerage currently has a $50.00 price target on the stock.
A number of other analysts have also recently weighed in on the stock. 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. BidaskClub upgraded shares of Flow International Corp from a strong sell rating to a sell rating in a research note on Saturday, September 2nd. Stifel Nicolaus restated a buy rating and issued a $46.00 price objective on shares of Flow International Corp in a research note on Friday, July 14th. Royal Bank Of Canada restated a hold rating and issued a $38.00 price objective on shares of Flow International Corp in a research note on Wednesday, September 6th. Finally, 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Flow International Corp has an average rating of Buy and a consensus target price of $42.14.
Flow International Corp (NASDAQ:FLOW) traded up 0.63% during midday trading on Wednesday, hitting $39.76. 131,178 shares of the stock traded hands. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $40.77. The company has a 50-day moving average price of $37.98 and a 200-day moving average price of $37.98. The firm has a market cap of $1.68 billion and a P/E ratio of 331.33.
Flow International Corp (NASDAQ:FLOW) last posted its earnings results on Wednesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.04). The business had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $499.28 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. 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 business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $204,750.00. Following the transaction, the vice president now owns 44,694 shares of the company’s stock, valued at $1,564,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds have recently made changes to their positions in the stock. Aperio Group LLC increased its position 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 acquiring an additional 996 shares during the period. 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 acquiring an additional 1,468 shares during the period. 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 acquiring an additional 5,370 shares during the period. Rex Capital Advisors LLC bought a new position in Flow International Corp during the first quarter worth $315,000. Finally, Piedmont Investment Advisors LLC bought a new position in Flow International Corp during the second quarter worth $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.
Receive News & Stock Ratings for Flow International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flow International Corp and related stocks with our FREE daily email newsletter.