A number of research firms have changed their ratings and price targets for Flowserve Corporation (NYSE: FLS):

  • 7/17/2017 – Flowserve Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Flowserve’s key strengths include leading position in the flow control industry, strong aftermarket business comprehensive product portfolio and wide global footprint. Also, the company’s strong aftermarket business is expected to act as a major growth catalyst. Moreover, the diligent restructuring plans are resulting in substantial cost savings, thus adding to Flowserve’s strength. In addition, increased project bidding activities in the energy markets signal brighter days, going forward. However, on the flip side, pricing pressure has proved to be a major drag on the company’s top-line performance over the past few quarters. Also, loss of sales leverage and related under-absorption are pressurizing the financials. The company’s shares have witnessed a negative return, comparing unfavorably to the Zacks categorized Machinery-General industry's average gain over the past six months.”
  • 7/14/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $50.00 price target on the stock.
  • 7/11/2017 – Flowserve Corporation is now covered by analysts at Wolfe Research. They set an “underperform” rating and a $38.00 price target on the stock.
  • 7/10/2017 – Flowserve Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Flowserve’s shares have underperformed the Zacks categorized Machinery-General industry over the past six months. Over the past few quarters the company has been suffering from precipitous top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds. Pricing pressure has proved to be a major drag on the top-line performance. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Moreover, capital spending deferrals and reduced activity in its key markets are proving to be major concerns. Also, escalating realignment costs are likely to pressurize short-term margin performance. However, on the flip side, Flowserve’s leading position in the flow control industry and strong aftermarket business are expected to offset some of these challenges. Also, the company’s geographical diversity adds to its strength.”
  • 7/10/2017 – Flowserve Corporation had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $51.00 price target on the stock, down previously from $54.00.
  • 7/6/2017 – Flowserve Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $56.00 price target on the stock.
  • 6/26/2017 – Flowserve Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
  • 6/21/2017 – Flowserve Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – Flowserve Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/6/2017 – Flowserve Corporation had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $46.00 price target on the stock.

Shares of Flowserve Corporation (FLS) traded up 0.11% during trading on Tuesday, reaching $45.95. The company’s stock had a trading volume of 651,691 shares. The stock’s 50 day moving average price is $47.61 and its 200 day moving average price is $48.43. The company has a market cap of $6.00 billion, a PE ratio of 49.41 and a beta of 1.48. Flowserve Corporation has a 52 week low of $39.13 and a 52 week high of $52.10.

Flowserve Corporation (NYSE:FLS) last announced its quarterly earnings data on Monday, May 1st. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. Flowserve Corporation had a return on equity of 15.76% and a net margin of 3.12%. The company had revenue of $863.63 million for the quarter, compared to analysts’ expectations of $817.56 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was down 8.8% compared to the same quarter last year. Equities research analysts predict that Flowserve Corporation will post $1.78 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Friday, June 23rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, June 21st. Flowserve Corporation’s dividend payout ratio (DPR) is presently 81.72%.

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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