Price Target Update on Flowserve Corporation (NYSE:FLS)

Flowserve Corporation (NYSE:FLS) : Currently there are 12 street experts covering Flowserve Corporation (NYSE:FLS) stock. The most bullish and bearish price target for the stock is $55 and $35 respectively for the short term. The average price target of all the analysts comes to $45.42. The estimated standard deviation from the target is $5.26.

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 turned positive on Thursday. Though the stock opened at $50.41, the bulls momentum made the stock top out at $50.66 level for the day. The stock recorded a low of $50.105 and closed the trading day at $50.28, in the green by 1.56%. The total traded volume for the day was 1,915,490. The stock had closed at $49.51 in the previous days trading.

The company shares have dropped -5.95% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $53.80 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $48.16 and the 200 Day Moving Average price is recorded at $43.75. On the companys insider trading activities, Gillespie Keith E., officer (Chief Strategy & Admin Officer) of Flowserve Corp had purchased 10,719 shares on August 6, 2015 in a transaction. The price per share was $46.6 and the total amount of the disclosed transaction was $499,505.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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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