Flowserve (NYSE:FLS) was downgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Thursday, The Fly reports.

FLS has been the topic of a number of other research reports. BMO Capital Markets cut Flowserve from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $51.00 to $41.00 in a research note on Friday, November 3rd. Robert W. Baird reissued a “hold” rating and issued a $43.00 price target on shares of Flowserve in a research note on Wednesday, October 4th. Boenning Scattergood reissued a “hold” rating on shares of Flowserve in a research note on Thursday, November 2nd. Royal Bank Of Canada reissued an “underperform” rating and issued a $36.00 price target (down previously from $38.00) on shares of Flowserve in a research note on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $49.00 price target on shares of Flowserve in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Flowserve presently has an average rating of “Hold” and a consensus target price of $44.27.

Flowserve (NYSE:FLS) traded up $0.84 during trading hours on Thursday, reaching $42.65. The company had a trading volume of 986,320 shares, compared to its average volume of 1,412,433. The firm has a market capitalization of $5,570.00, a price-to-earnings ratio of 26.95, a P/E/G ratio of 3.40 and a beta of 1.53. Flowserve has a 1 year low of $37.51 and a 1 year high of $52.10. 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 (NYSE:FLS) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. The firm 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 was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. equities analysts anticipate that Flowserve will post 1.38 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. International Value Advisers acquired a new stake in shares of Flowserve during the 3rd quarter valued at about $52,883,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Flowserve by 20.2% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 44,740 shares of the industrial products company’s stock valued at $2,158,000 after buying an additional 7,530 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Flowserve by 6.6% during the 2nd quarter. American Century Companies Inc. now owns 1,391,770 shares of the industrial products company’s stock valued at $62,866,000 after buying an additional 86,140 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Flowserve by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 503,636 shares of the industrial products company’s stock valued at $24,296,000 after buying an additional 38,568 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in shares of Flowserve by 2.5% during the 2nd quarter. Verition Fund Management LLC now owns 5,232 shares of the industrial products company’s stock valued at $243,000 after buying an additional 126 shares during the last quarter.

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Flowserve Company Profile

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.

The Fly

Analyst Recommendations for Flowserve (NYSE:FLS)

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