Flow International Corp (NASDAQ:FLOW) Coverage Initiated by Analysts at Wolfe Research
Wolfe Research started coverage on shares of Flow International Corp (NASDAQ:FLOW) in a research report sent to investors on Tuesday morning. The brokerage issued a market perform rating on the stock.
Several other research analysts have also commented on FLOW. Zacks Investment Research upgraded Flow International Corp from a hold rating to a buy rating and set a $41.00 price target on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada reiterated a hold rating and set a $35.00 price target on shares of Flow International Corp in a report on Tuesday, April 11th. Finally, Credit Suisse Group reiterated a sell rating and set a $30.00 price target on shares of Flow International Corp in a report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $39.40.
Flow International Corp (NASDAQ:FLOW) opened at 37.38 on Tuesday. The stock’s market cap is $1.58 billion. The stock has a 50 day moving average of $37.92 and a 200 day moving average of $35.21. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $40.66.
Flow International Corp (NASDAQ:FLOW) last posted its quarterly earnings results on Wednesday, May 3rd. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The firm had revenue of $433.30 million during the quarter, compared to analyst estimates of $435.57 million. During the same quarter in the previous year, the company posted $0.02 EPS. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis. On average, equities research analysts anticipate that Flow International Corp will post $0.15 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Rex Capital Advisors LLC acquired a new stake in shares of Flow International Corp during the first quarter worth about $315,000. Russell Investments Group Ltd. acquired a new stake in shares of Flow International Corp during the fourth quarter worth about $863,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Flow International Corp during the first quarter worth about $2,091,000.
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