Flowserve (NYSE:FLS - Get Free Report) had its price objective boosted by analysts at Stifel Nicolaus from $59.00 to $63.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price objective would indicate a potential upside of 15.05% from the stock's current price.
A number of other equities research analysts also recently commented on the company. Robert W. Baird cut their price objective on Flowserve from $71.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Royal Bank Of Canada raised their price target on Flowserve from $49.00 to $53.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Mizuho set a $60.00 price target on Flowserve in a research note on Friday, May 16th. Citigroup lifted their price objective on Flowserve from $58.00 to $65.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group lifted their price objective on Flowserve from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $64.00.
Read Our Latest Analysis on FLS
Flowserve Stock Performance
Flowserve stock opened at $54.76 on Monday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 2.07. Flowserve has a fifty-two week low of $37.34 and a fifty-two week high of $65.08. The stock has a fifty day moving average of $50.54 and a two-hundred day moving average of $51.93.
Flowserve (NYSE:FLS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.13. Flowserve had a return on equity of 17.68% and a net margin of 6.12%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The firm's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Flowserve will post 3.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Flowserve
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLS. TD Private Client Wealth LLC acquired a new position in Flowserve in the 2nd quarter worth $25,000. Headlands Technologies LLC boosted its stake in shares of Flowserve by 4,790.0% during the 4th quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company's stock worth $28,000 after buying an additional 479 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of Flowserve during the 4th quarter worth about $33,000. Colonial Trust Co SC raised its holdings in shares of Flowserve by 415.7% in the 4th quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 478 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Flowserve by 74.5% in the 2nd quarter. Parallel Advisors LLC now owns 806 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 344 shares during the period. 93.93% of the stock is owned by institutional investors and hedge funds.
About Flowserve
(
Get Free Report)
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.
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