Shares of Flowserve Corporation (NYSE:FLS) have earned an average rating of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $44.10.

A number of equities analysts recently weighed in on FLS shares. Stifel Nicolaus reissued a “buy” rating and set a $49.00 price objective on shares of Flowserve in a report on Tuesday, October 17th. Cowen reissued a “buy” rating and set a $50.00 price objective on shares of Flowserve in a report on Thursday, August 10th. Robert W. Baird reissued a “hold” rating and set a $43.00 price objective on shares of Flowserve in a report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Flowserve in a report on Thursday, September 28th. Finally, Zacks Investment Research raised Flowserve from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

Shares of Flowserve (NYSE:FLS) traded up $0.84 during midday trading on Thursday, hitting $42.65. The company had a trading volume of 986,320 shares, compared to its average volume of 1,412,433. The stock has a market cap of $5,570.00, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.40 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 1.30 and a debt-to-equity ratio of 0.85. Flowserve has a 52 week low of $37.51 and a 52 week high of $52.10.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. The company had revenue of $883.38 million for the quarter, compared to analysts’ expectations of $871.20 million. Flowserve had a return on equity of 12.09% and a net margin of 4.58%. Flowserve’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. sell-side analysts anticipate that Flowserve will post 1.38 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in FLS. EdgePoint Investment Group Inc. increased its stake in Flowserve by 22.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 6,307,455 shares of the industrial products company’s stock worth $292,855,000 after purchasing an additional 1,146,084 shares during the period. Pictet Asset Management Ltd. increased its stake in Flowserve by 78.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,339,145 shares of the industrial products company’s stock worth $99,624,000 after purchasing an additional 1,028,684 shares during the period. Principal Financial Group Inc. increased its stake in Flowserve by 171.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,478,771 shares of the industrial products company’s stock worth $68,660,000 after purchasing an additional 934,354 shares during the period. Permian Investment Partners LP purchased a new position in Flowserve in the 3rd quarter worth approximately $28,535,000. Finally, Alyeska Investment Group L.P. increased its stake in Flowserve by 1,290.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 629,580 shares of the industrial products company’s stock worth $26,814,000 after purchasing an additional 584,317 shares during the period.

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About Flowserve

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.

Analyst Recommendations for Flowserve (NYSE:FLS)

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