Flowserve Corporation (FLS) Receives Analyst Rating

Flowserve Corporation (FLS) has an average broker rating of 2.76, which is interpreted as a Hold, as rated by 17 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Flowserve Corporation (FLS) : The consensus price target for Flowserve Corporation (FLS) is $45.33 for the short term with a standard deviation of $4.92. 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.


Also, Equity analysts at the Brokerage firm BMO Capital maintains its rating on Flowserve Corporation (NYSE:FLS). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at BMO Capital lowers the price target from $44 per share to $42 per share. The rating by the firm was issued on August 1, 2016.

Flowserve Corporation (NYSE:FLS): After opening at $46.11, the stock dipped to an intraday low of $45.97 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.93 and the buying power remained strong till the end. The stock closed at $46.77 for the day, a gain of 1.50% for the day session. The total traded volume was 501,016. The stocks close on the previous trading day was $46.08.

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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