Brokerages Set Flowserve Corporation (FLS) Price Target at $44.10
Shares of Flowserve Corporation (NYSE:FLS) have been given a consensus rating of “Hold” by the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $44.10.
Several equities analysts recently issued reports on FLS shares. Susquehanna Bancshares Inc upgraded Flowserve Corporation from a “neutral” rating to a “positive” rating and dropped their price target for the company from $50.00 to $46.00 in a research report on Tuesday, August 15th. BMO Capital Markets restated an “outperform” rating and issued a $47.00 price target (down previously from $56.00) on shares of Flowserve Corporation in a research report on Friday, July 28th. Cowen and Company restated a “buy” rating and issued a $50.00 price target on shares of Flowserve Corporation in a research report on Thursday, August 10th. Zacks Investment Research cut Flowserve Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, UBS AG restated a “neutral” rating and issued a $46.00 price target (down previously from $50.00) on shares of Flowserve Corporation in a research report on Monday, July 31st.
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Several large investors have recently made changes to their positions in FLS. Huntington National Bank boosted its stake in shares of Flowserve Corporation by 28.0% during the 2nd quarter. Huntington National Bank now owns 2,195 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 480 shares in the last quarter. Creative Planning boosted its stake in shares of Flowserve Corporation by 6.2% during the 2nd quarter. Creative Planning now owns 2,408 shares of the industrial products company’s stock worth $112,000 after acquiring an additional 141 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Flowserve Corporation during the 3rd quarter worth approximately $117,000. Federated Investors Inc. PA boosted its stake in shares of Flowserve Corporation by 1.8% during the 2nd quarter. Federated Investors Inc. PA now owns 2,539 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 46 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in shares of Flowserve Corporation by 41.2% during the 2nd quarter. Evercore Wealth Management LLC now owns 2,593 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 756 shares in the last quarter.
Shares of Flowserve Corporation (NYSE FLS) traded down $0.29 during mid-day trading on Friday, reaching $39.08. The company had a trading volume of 1,769,000 shares, compared to its average volume of 1,416,808. The firm has a market cap of $5,143.10, a PE ratio of 25.24, a PEG ratio of 3.18 and a beta of 1.55. Flowserve Corporation has a 1 year low of $37.51 and a 1 year high of $52.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.30.
Flowserve Corporation (NYSE:FLS) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The firm had revenue of $883.38 million for the quarter, compared to analysts’ expectations of $871.20 million. Flowserve Corporation had a return on equity of 12.09% and a net margin of 4.58%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. equities research analysts predict that Flowserve Corporation will post 1.38 earnings per share for the current year.
Flowserve Corporation Company Profile
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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