Flowserve Corporation (FLS) : Analyst Rating Update

Flowserve Corporation (FLS) : 3 brokerage houses believe that Flowserve Corporation (FLS) is a Strong Buy at current levels. 13 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 17 Wall Street Analysts endorse the stock as a Hold with a rating of 2.76.

Flowserve Corporation (FLS) : Currently there are 12 street experts covering Flowserve Corporation (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.

Flowserve Corporation (NYSE:FLS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.89 and $43.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.87, notching a gain of 1.58% for the day. The total traded volume was 1,833,423 . The stock had closed at $44.17 on the previous day.

Also, KeyBanc initiates coverage on Flowserve Corporation (NYSE:FLS) The current rating of the shares is Sector Weight. The rating by the firm was issued on May 10, 2016. The company shares have dropped -11.87% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $52.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $48.04 and the 200 Day Moving Average price is recorded at $43.99.

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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