Flowserve (FLS) Receives $43.90 Average PT from Brokerages

Flowserve (NYSE:FLS) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have assigned 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 $43.90.

Several analysts recently commented on FLS shares. Stifel Nicolaus restated a “hold” rating and issued a $47.00 target price (up from $43.00) on shares of Flowserve in a research report on Tuesday, January 16th. Robert W. Baird restated a “hold” rating and issued a $45.00 target price on shares of Flowserve in a research report on Friday, December 15th. Zacks Investment Research upgraded Flowserve from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada upgraded Flowserve from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 20th.

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Shares of Flowserve stock opened at $45.67 on Wednesday. Flowserve has a twelve month low of $37.51 and a twelve month high of $51.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.35 and a current ratio of 2.06. The company has a market cap of $6,004.93, a PE ratio of 34.26, a P/E/G ratio of 1.43 and a beta of 1.45.

Flowserve (NYSE:FLS) last posted its earnings results on Thursday, February 15th. The industrial products company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Flowserve had a negative net margin of 0.04% and a positive return on equity of 10.36%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. research analysts expect that Flowserve will post 1.65 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, March 28th. Flowserve’s payout ratio is currently 55.88%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Colonial Trust Advisors boosted its stake in Flowserve by 2.4% during the 4th quarter. Colonial Trust Advisors now owns 56,860 shares of the industrial products company’s stock valued at $2,396,000 after purchasing an additional 1,320 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Flowserve by 5.6% during the 4th quarter. Amalgamated Bank now owns 27,072 shares of the industrial products company’s stock worth $1,141,000 after acquiring an additional 1,426 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Flowserve by 7.2% during the 4th quarter. Meeder Asset Management Inc. now owns 22,785 shares of the industrial products company’s stock worth $959,000 after acquiring an additional 1,525 shares in the last quarter. AMP Capital Investors Ltd boosted its stake in shares of Flowserve by 4.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 40,559 shares of the industrial products company’s stock worth $1,728,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Thompson Rubinstein Investment Management Inc. OR boosted its position in shares of Flowserve by 2.1% in the fourth quarter. Thompson Rubinstein Investment Management Inc. OR now owns 90,016 shares of the industrial products company’s stock worth $3,792,000 after buying an additional 1,817 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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