Flow International Corp (FLOW) Receives Hold Rating from Royal Bank Of Canada
Several other equities analysts also recently issued reports on FLOW. Zacks Investment Research raised 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 report on Tuesday, July 4th. Wolfe Research started coverage on shares of Flow International Corp in a report on Tuesday, July 11th. They set a market perform rating on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $46.00 price objective on shares of Flow International Corp in a report 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 objective for the company from $41.00 to $42.00 in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $40.50.
Shares of Flow International Corp (FLOW) traded down 1.43% during mid-day trading on Wednesday, reaching $33.11. 8,819 shares of the company’s stock traded hands. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $40.66. The company’s 50 day moving average is $33.98 and its 200 day moving average is $35.47. The company has a market cap of $1.40 billion and a P/E ratio of 275.92.
Flow International Corp (NASDAQ:FLOW) last posted 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 business had revenue of $498 million for the quarter, compared to analyst estimates of $499.28 million. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts predict 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 value of $204,750.00. Following the transaction, the vice president now directly owns 44,694 shares of the company’s stock, valued at $1,564,290. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Several large investors have recently bought and sold shares of the company. Aperio Group LLC lifted its stake in shares of Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after buying an additional 996 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Flow International Corp by 5.5% in the first quarter. Russell Investments Group Ltd. now owns 28,146 shares of the company’s stock worth $977,000 after buying an additional 1,468 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Flow International Corp by 6.9% in the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock worth $3,068,000 after buying an additional 5,370 shares in the last quarter. Rex Capital Advisors LLC purchased a new position in shares of Flow International Corp in the first quarter worth about $315,000. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Flow International Corp in the second quarter worth about $337,000.
About Flow International Corp
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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