Flow International Corp (NASDAQ:FLOW) Receives Average Rating of “Hold” from Analysts

Flow International Corp (NASDAQ:FLOW) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $35.67.

FLOW has been the topic of several research analyst reports. Zacks Investment Research downgraded Flow International Corp from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. UBS AG raised Flow International Corp from a “neutral” rating to a “positive” rating in a research report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Flow International Corp in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc raised Flow International Corp from a “neutral” rating to a “positive” rating and raised their price target for the company from $41.00 to $42.00 in a research report on Tuesday. Finally, Wolfe Research assumed coverage on shares of Flow International Corp in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company.

Flow International Corp (NASDAQ:FLOW) traded down 0.42% on Friday, hitting $33.17. The company had a trading volume of 145,324 shares. The firm’s 50 day moving average price is $36.15 and its 200 day moving average price is $35.81. Flow International Corp has a 12-month low of $22.34 and a 12-month high of $40.66. The stock has a market cap of $1.40 billion and a P/E ratio of 276.42.

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 firm had revenue of $498 million during the quarter, compared to the consensus estimate of $499.28 million. The business’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 earnings per share. Equities analysts predict that Flow International Corp will post $0.15 earnings per share for the current fiscal year.

In related news, VP Stephen A. Tsoris sold 5,850 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rex Capital Advisors LLC acquired a new position in shares of Flow International Corp during the first quarter worth approximately $315,000. Russell Investments Group Ltd. purchased a new position in Flow International Corp during the fourth quarter worth about $863,000. Karp Capital Management Corp purchased a new position in Flow International Corp during the first quarter worth about $2,091,000. Aperio Group LLC boosted its position in Flow International Corp by 1.7% in the second quarter. Aperio Group LLC now owns 61,227 shares of the company’s stock worth $2,258,000 after buying an additional 996 shares during the period. Finally, Rhumbline Advisers boosted its position in Flow International Corp by 6.9% in the second quarter. Rhumbline Advisers now owns 83,182 shares of the company’s stock worth $3,068,000 after buying an additional 5,370 shares during the period.

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