Flow International Corp (NASDAQ:FLOW) has been assigned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $47.20.
Several analysts have recently weighed in on FLOW shares. Stifel Nicolaus reduced their price target on Flow International from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada restated a “hold” rating and set a $50.00 price target on shares of Flow International in a report on Wednesday, February 7th. Finally, Robert W. Baird boosted their price target on Flow International from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th.
A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Flow International in the third quarter valued at approximately $226,000. Thompson Investment Management Inc. boosted its holdings in Flow International by 17.0% in the third quarter. Thompson Investment Management Inc. now owns 21,640 shares of the company’s stock valued at $834,000 after acquiring an additional 3,150 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Flow International by 23.8% in the third quarter. Russell Investments Group Ltd. now owns 25,896 shares of the company’s stock valued at $998,000 after acquiring an additional 4,976 shares during the last quarter. Rhumbline Advisers boosted its holdings in Flow International by 2.1% in the third quarter. Rhumbline Advisers now owns 84,917 shares of the company’s stock valued at $3,274,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Flow International in the third quarter valued at approximately $319,000.
Flow International (NASDAQ FLOW) traded up $2.38 during trading hours on Friday, hitting $53.17. The stock had a trading volume of 365,607 shares, compared to its average volume of 304,889. The company has a market capitalization of $198.17 and a PE ratio of 1,329.25. Flow International has a 52 week low of $31.10 and a 52 week high of $53.22.
Flow International (NASDAQ:FLOW) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $529.20 million for the quarter, compared to the consensus estimate of $511.67 million.
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Flow International 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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