Flow International Corp (FLOW) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Flow International Corp (NASDAQ:FLOW) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $47.00 price objective on the stock.

According to Zacks, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina. “

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price target on shares of Flow International Corp in a research note on Tuesday. BidaskClub upgraded Flow International Corp from a buy rating to a strong-buy rating in a research note on Friday, October 13th. Robert W. Baird reiterated a buy rating and issued a $50.00 price target on shares of Flow International Corp in a research note on Wednesday, October 4th. Royal Bank Of Canada reiterated a hold rating and issued a $38.00 price target on shares of Flow International Corp in a research note on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc upgraded Flow International Corp from a neutral rating to a positive rating and boosted their price target for the company from $41.00 to $42.00 in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $43.86.

Shares of Flow International Corp (NASDAQ FLOW) traded up 0.83% during trading on Tuesday, hitting $42.58. The stock had a trading volume of 119,592 shares. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $43.22. The stock’s 50-day moving average is $38.97 and its 200-day moving average is $38.97. The stock has a market capitalization of $1.80 billion and a P/E ratio of 354.83.

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 consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million during the quarter, compared to analyst estimates of $499.28 million. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts predict that Flow International Corp will post $0.15 EPS for the current fiscal year.

WARNING: “Flow International Corp (FLOW) Raised to Buy at Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/20/flow-international-corp-flow-raised-to-buy-at-zacks-investment-research.html.

In other Flow International Corp news, VP Stephen A. Tsoris sold 5,850 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC acquired a new position in Flow International Corp during the second quarter valued at approximately $337,000. Rhumbline Advisers raised 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 valued at $3,068,000 after purchasing an additional 5,370 shares in the last quarter. Aperio Group LLC raised 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 valued at $2,258,000 after purchasing an additional 996 shares in the last quarter. Finally, Russell Investments Group Ltd. raised 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 valued at $977,000 after purchasing an additional 1,468 shares in the last quarter.

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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According to Zacks, “SPX FLOW, Inc. is a supplier of engineered flow components, process equipment and turn-key systems, along with the related aftermarket parts and services. The Company’s operating segment consists of Food and Beverage, Power and Energy and Industrial. Food and Beverage segment offers mixing, drying, evaporation and separation systems and components, heat exchangers and reciprocating and centrifugal pump technologies. Power and Energy segment primarily serves oil and gas industry and nuclear and other conventional power industries. Industrial segment primarily serves chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, automotive and water treatment industries. SPX FLOW, Inc. is based in Charlotte, North Carolina. “

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a buy rating and issued a $55.00 price target on shares of Flow International Corp in a research note on Tuesday. BidaskClub upgraded Flow International Corp from a buy rating to a strong-buy rating in a research note on Friday, October 13th. Robert W. Baird reiterated a buy rating and issued a $50.00 price target on shares of Flow International Corp in a research note on Wednesday, October 4th. Royal Bank Of Canada reiterated a hold rating and issued a $38.00 price target on shares of Flow International Corp in a research note on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc upgraded Flow International Corp from a neutral rating to a positive rating and boosted their price target for the company from $41.00 to $42.00 in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $43.86.

Shares of Flow International Corp (NASDAQ FLOW) traded up 0.83% during trading on Tuesday, hitting $42.58. The stock had a trading volume of 119,592 shares. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $43.22. The stock’s 50-day moving average is $38.97 and its 200-day moving average is $38.97. The stock has a market capitalization of $1.80 billion and a P/E ratio of 354.83.

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 consensus estimate of $0.37 by ($0.04). The company had revenue of $498.00 million during the quarter, compared to analyst estimates of $499.28 million. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Analysts predict that Flow International Corp will post $0.15 EPS for the current fiscal year.

WARNING: “Flow International Corp (FLOW) Raised to Buy at Zacks Investment Research” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/20/flow-international-corp-flow-raised-to-buy-at-zacks-investment-research.html.

In other Flow International Corp news, VP Stephen A. Tsoris sold 5,850 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 44,694 shares in the company, valued at $1,564,290. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC acquired a new position in Flow International Corp during the second quarter valued at approximately $337,000. Rhumbline Advisers raised 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 valued at $3,068,000 after purchasing an additional 5,370 shares in the last quarter. Aperio Group LLC raised 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 valued at $2,258,000 after purchasing an additional 996 shares in the last quarter. Finally, Russell Investments Group Ltd. raised 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 valued at $977,000 after purchasing an additional 1,468 shares in the last quarter.

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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Analyst Recommendations for Flow International Corp (NASDAQ:FLOW)

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