Flowserve Corporation (FLS) has been under a strong bear grip, hence the stock is down -3.32% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has risen by 0.91% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.28% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 2.29%.The 200 Day SMA reached 4.49% Flowserve Corp. has dropped 6.32% during the last 3-month period . Year-to-Date the stock performance stands at 11.76%.
Flowserve Corporation (FLS) : 12 investment research analysts covering Flowserve Corporation (FLS) have an average price target of $45.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $54 and the lowest target is $35 for the short term. Analysts expect the variance to be within $4.92 of the average price.
Company shares have received an average consensus rating of Hold for the current week Flowserve Corporation (NYSE:FLS): stock was range-bound between the intraday low of $45.88 and the intraday high of $46.74 after having opened at $46.3 on Fridays session. The stock finally closed in the red at $46.3, a loss of -0.24%. The stock remained in the red for the whole trading day. The total traded volume was 1,047,190 shares. The stock failed to cross $46.74 in Fridays trading. The stocks closing price on Thursday was $46.77.
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.