Flowserve Corporation (FLS) Receives Price Target

Flowserve Corporation (FLS) : Average target price received by Flowserve Corporation (FLS) is $45.33 with an expected standard deviation of $4.92. The most aggressive target on the stock is $54, whereas the most downbeat target is $35. 12 financial analysts are currently covering the stock.

Flowserve Corporation (FLS) : The consensus on Flowserve Corporation (FLS) based on 17 analyst recommendation on the company stock is 2.76, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Major Brokerage house, BMO Capital maintains its ratings on Flowserve Corporation (NYSE:FLS). In the latest research report, BMO Capital lowers the target price from $44 per share to $42 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Flowserve Corporation (NYSE:FLS): The stock opened at $48.31 on Thursday but the bulls could not build on the opening and the stock topped out at $48.53 for the day. The stock traded down to $47.43 during the day, due to lack of any buying support eventually closed down at $48.07 with a loss of -0.62% for the day. The stock had closed at $48.37 on the previous day. The total traded volume was 588,883 shares.

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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