Impact of Brokerage Rating on Flowserve Corporation(FLS)

Many Flowserve Corporation(FLS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Upgraded by Seaport Global Securities on Jan 23, 2017 to Buy, Raises Price Target to $ 60 from a previous price target of $48 .Flowserve Corp was Downgraded by Robert W. Baird on Dec 12, 2016 to Underperform, Price Target of the shares are set at $42.Company shares were Reiterated by Stifel on Dec 5, 2016 to Buy, Raises Price Target to $ 55 from a previous price target of $50 .

Company has reported several Insider transactions to the SEC, on Nov 4, 2016, Mark A Blinn (President & CEO) sold 119,232 shares at 41.64 per share price.On Aug 4, 2016, Thomas L Pajonas (EVP, Chief Operating Officer) sold 35,000 shares at 45.49 per share price.On Aug 4, 2016, William C Rusnack (director) sold 2,169 shares at 46.72 per share price.

Flowserve Corp Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.10. Analyst had a consensus of $0.62. The company had revenue of $943.33 million for the quarter, compared to analysts expectations of $974.29 million. The companys revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.81 EPS.

Flowserve Corporation (NYSE:FLS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.65 by 17 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 10 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.

Flowserve Corporation (NYSE:FLS): 12 analysts have set the short term price target of Flowserve Corporation (NYSE:FLS) at $48.33. The standard deviation of short term price target has been estimated at $9.62, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 66 and $38 respectively.

Flowserve Corporation (NYSE:FLS) witnessed a decline in the market cap on Tuesday as its shares dropped 1.11% or 0.57 points. After the session commenced at $51.2, the stock reached the higher end at $51.52 while it hit a low of $50.79. With the volume soaring to 1,719,615 shares, the last trade was called at $50.93. The company has a 52-week high of $52.5. The company has a market cap of $6,644 million and there are 130,452,077 shares in outstanding. The 52-week low of the share price is $39.13.

Flowserve Corporation is one of the worlds leading providers of industrial flow management services. Operating in 25 countries, with more than 7,000 employees, the company produces highly engineered and modular pumps, precision mechanical seals, smart, specialty, and quarter-turn valves and valve actuators, and a range of related flow management services. (Press Release)


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