Stifel Nicolaus Boosts Flow International Corp (FLOW) Price Target to $49.00
Flow International Corp (NASDAQ:FLOW) had its price target upped by analysts at Stifel Nicolaus from $47.00 to $49.00 in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 27.07% from the company’s previous close.
FLOW has been the subject of a number of other reports. Susquehanna Bancshares Inc raised Flow International Corp from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $41.00 to $42.00 in a research report on Tuesday, August 8th. UBS AG raised Flow International Corp from a “neutral” rating to a “positive” rating in a report on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of Flow International Corp in a report on Wednesday, September 6th. Wolfe Research initiated coverage on Flow International Corp in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, BidaskClub upgraded Flow International Corp from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Flow International Corp presently has an average rating of “Hold” and a consensus target price of $40.83.
Flow International Corp (FLOW) opened at 38.56 on Monday. Flow International Corp has a 12 month low of $22.34 and a 12 month high of $38.86. The stock has a market capitalization of $1.63 billion and a PE ratio of 321.33. The company’s 50-day moving average price is $36.27 and its 200 day moving average price is $36.27.
Flow International Corp (NASDAQ:FLOW) last issued its quarterly earnings results 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. The firm’s revenue for the quarter 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, analysts forecast that Flow International Corp will post $0.15 earnings per share for the current fiscal year.
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In related 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 completion of the sale, the vice president now owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its position in Flow International Corp by 5.5% during the 1st 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. Rex Capital Advisors LLC purchased a new position in shares of Flow International Corp during the 1st quarter worth approximately $315,000. Aperio Group LLC raised its stake in shares of Flow International Corp by 1.7% during the 2nd 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. Rhumbline Advisers raised its stake in shares of Flow International Corp by 6.9% during the 2nd 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. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Flow International Corp during the 2nd quarter worth approximately $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.
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