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 2.76 by 17 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 13 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. KeyBanc initiates coverage on Flowserve Corporation (NYSE:FLS). The shares have now been rated Sector Weight by the stock experts at the ratings house. The rating by the firm was issued on May 10, 2016.
Flowserve Corporation (NYSE:FLS) stock has received a short term price target of $ 45.42 from 12 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.26. The higher estimate of target price is $55 , while the lower price target estimate is $35
Flowserve Corporation (NYSE:FLS) witnessed a decline in the market cap on Tuesday as its shares dropped 1.29% or 0.65 points. After the session commenced at $50.31, the stock reached the higher end at $50.39 while it hit a low of $49.57. With the volume soaring to 1,010,880 shares, the last trade was called at $49.77. The company has a 52-week high of $54.64. The company has a market cap of $6,488 million and there are 130,366,915 shares in outstanding. The 52-week low of the share price is $33.86.
Flowserve Corp. has dropped 0.88% in the last five trading days, however, the shares have posted positive gains of 8.62% in the last 4 weeks. Flowserve Corp. is up 6.62% in the last 3-month period. Year-to-Date the stock performance stands at 18.75%.
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.