Zacks Investment Research upgraded shares of Flow International Corp (NASDAQ:FLOW) from a hold rating to a buy rating in a research report sent to investors on Tuesday, July 4th. The firm currently has $41.00 target price 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. “
Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada reissued a hold rating and issued a $35.00 price objective on shares of Flow International Corp in a research report on Tuesday, April 11th. Credit Suisse Group reissued a sell rating and issued a $30.00 price objective on shares of Flow International Corp in a research report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Flow International Corp currently has a consensus rating of Hold and an average price target of $39.40.
Shares of Flow International Corp (NASDAQ:FLOW) opened at 36.03 on Tuesday. Flow International Corp has a 1-year low of $22.34 and a 1-year high of $40.66. The company has a 50 day moving average price of $37.22 and a 200 day moving average price of $35.85. The stock’s market cap is $1.52 billion.
Flow International Corp (NASDAQ:FLOW) last announced its earnings results on Wednesday, May 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $433.30 million for the quarter, compared to the consensus estimate of $435.57 million. The company’s revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 EPS. On average, equities analysts anticipate that Flow International Corp will post $0.15 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in FLOW. Aperio Group LLC increased its stake in Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock valued at $2,258,000 after buying an additional 996 shares in the last quarter. Rex Capital Advisors LLC purchased a new position in shares of Flow International Corp during the first quarter valued at $315,000. Karp Capital Management Corp purchased a new position in shares of Flow International Corp during the first quarter valued at $2,091,000. Finally, Russell Investments Group Ltd. increased its position 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 valued at $977,000 after buying an additional 1,468 shares during the period.
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