Flowserve Corp. Now Covered by Janney Montgomery Scott (FLS)
Equities researchers at Janney Montgomery Scott started coverage on shares of Flowserve Corp. (NYSE:FLS) in a research report issued on Tuesday, Stock Ratings Network reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on FLS. Analysts at SunTrust initiated coverage on shares of Flowserve Corp. in a research note to investors on Monday, November 25th. They set a “buy” rating on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Flowserve Corp. in a research note to investors on Tuesday, November 19th. They set an “outperform” rating and a $83.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Flowserve Corp. in a research note to investors on Friday, November 8th. They now have a $72.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $107.43.
Shares of Flowserve Corp. (NYSE:FLS) remained flat at $77.24 during trading on Tuesday. 1,479,115 shares of the company’s stock traded hands. Flowserve Corp. has a one year low of $50.0033 and a one year high of $78.89. The stock has a 50-day moving average of $73.26 and a 200-day moving average of $63.42. The company has a market cap of $10.773 billion and a price-to-earnings ratio of 23.01.
Flowserve Corp. (NYSE:FLS) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Flowserve Corp. will post $3.46 EPS for the current fiscal year.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufacture precision-engineered flows control equipment integral to the movement, control and protection of the flow of materials in its customers’ critical processes.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.