Analyst Rating Update on Flowserve Corporation (FLS)

Flowserve Corporation (FLS) : 3 brokerage houses believe that Flowserve Corporation (FLS) is a Strong Buy at current levels. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Flowserve Corporation (FLS). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 2.75.

Flowserve Corporation (FLS) : The consensus price target for Flowserve Corporation (FLS) is $45.5 for the short term with a standard deviation of $4.83. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $35.

Company shares have received an average consensus rating of Hold for the current week


Flowserve Corporation (NYSE:FLS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.49 and $45.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.39, notching a gain of 1.67% for the day. The total traded volume was 1,265,487 . The stock had closed at $45.63 on the previous day.

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment. Its IPD designs, manufactures, distributes and services pre-configured engineered pumps and pump systems, including submersible motors, for industrial markets. The Companys FCD designs, manufactures, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment.

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