Flowserve Corporation (FLS): Price Target and June Short Interest Disclosure

Flowserve Corporation (FLS) : 12 investment research analysts covering Flowserve Corporation (FLS) have an average price target of $45.42 for the near short term. The highest target price given by the Brokerage Firm to the stock is $55 and the lowest target is $35 for the short term. Analysts expect the variance to be within $5.26 of the average price.

Flowserve Corporation (FLS) encountered a drop of 7% or -427,787 shares in the short positions. The number dropped from 6,082,978 on June 15,2016 to 5,655,191 on June 30,2016. The final interest is 4.4% of the floated stock. The days to cover figure of 3 can be arrived using the average daily exchange of 1,627,115 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, KeyBanc initiates coverage on Flowserve Corporation (NYSE:FLS).The analysts at the brokerage house have a current rating of Sector Weight on the shares. 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 $48.34, the bulls momentum made the stock top out at $48.76 level for the day. The stock recorded a low of $48.23 and closed the trading day at $48.6, in the green by 1.87%. The total traded volume for the day was 4,037,857. The stock had closed at $47.71 in the previous days trading.

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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