Flowserve Corp Receives Average Rating of “Buy” from Analysts (NYSE:FLS)
Shares of Flowserve Corp (NYSE:FLS) have been given an average rating of “Buy” by the fourteen analysts that are presently covering the company, Stock Ratings Network reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $82.33.
A number of analysts have recently weighed in on FLS shares. Analysts at Zacks reiterated a “neutral” rating on shares of Flowserve Corp in a research note on Wednesday, August 20th. They now have a $79.00 price target on the stock. Separately, analysts at Maxim Group upgraded shares of Flowserve Corp from a “hold” rating to a “buy” rating in a research note on Friday, July 25th. They now have a $92.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Flowserve Corp in a research note on Friday, June 27th. They set a “sell” rating and a $78.00 price target on the stock.
Shares of Flowserve Corp (NYSE:FLS) opened at 75.89 on Wednesday. Flowserve Corp has a one year low of $55.98 and a one year high of $82.24. The stock has a 50-day moving average of $74.18 and a 200-day moving average of $75.89. The company has a market cap of $10.382 billion and a price-to-earnings ratio of 21.24.
Flowserve Corp (NYSE:FLS) last released its earnings data on Wednesday, July 23rd. The company reported $0.93 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.93. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Flowserve Corp will post $3.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Friday, September 26th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, September 24th.
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.
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