Analyst Rating Update on Flowserve Corporation (FLS)

Flowserve Corporation (NYSE:FLS) : 17 analysts are covering Flowserve Corporation (NYSE:FLS) and their average rating on the stock is 2.76, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 13 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Flowserve Corporation (NYSE:FLS) : The highest short term price target forecast on Flowserve Corporation (NYSE:FLS) is $55 and the lowest target price is $35. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $45.42 with a standard deviation of $5.26.

Company shares have received an average consensus rating of Hold for the current week Also, KeyBanc initiates coverage on Flowserve Corporation (NYSE:FLS). The current rating of the shares is Sector Weight, according to the research report released by the firm. The rating by the firm was issued on May 10, 2016.

Flowserve Corporation (NYSE:FLS): stock turned positive on Tuesday. Though the stock opened at $43.77, the bulls momentum made the stock top out at $44.13 level for the day. The stock recorded a low of $42.86 and closed the trading day at $43.52, in the green by 1.21%. The total traded volume for the day was 2,102,860. The stock had closed at $43 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Strategy & Admin Officer) of Flowserve Corp, Gillespie Keith E., had purchased 10,719 shares in a transaction dated on August 6, 2015. The transaction was executed at $46.6 per share with total amount equaling $499,505.

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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