Flowserve (NYSE:FLS) had its target price upped by equities research analysts at Citigroup from $47.00 to $52.00 in a research report issued on Friday. The firm currently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target indicates a potential upside of 3.79% from the company’s current price.

A number of other equities analysts also recently weighed in on FLS. Zacks Investment Research downgraded shares of Flowserve from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 18th. Stifel Nicolaus dropped their price target on shares of Flowserve from $44.00 to $43.00 and set a “hold” rating on the stock in a research note on Monday, May 14th. DA Davidson set a $42.00 price target on shares of Flowserve and gave the stock a “hold” rating in a research note on Monday, May 14th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $40.00 price target on shares of Flowserve in a research note on Friday, July 13th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Flowserve in a research note on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.70.

NYSE:FLS traded up $1.23 during trading hours on Friday, hitting $50.10. 2,294,802 shares of the stock traded hands, compared to its average volume of 1,118,377. The company has a quick ratio of 1.62, a current ratio of 2.25 and a debt-to-equity ratio of 0.89. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $51.55. The company has a market cap of $6.39 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 1.81 and a beta of 1.47.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, August 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. Flowserve had a negative net margin of 0.79% and a positive return on equity of 10.52%. The company had revenue of $973.13 million for the quarter, compared to the consensus estimate of $923.89 million. During the same period in the previous year, the business earned $0.22 EPS. The company’s revenue was up 11.0% on a year-over-year basis. equities research analysts anticipate that Flowserve will post 1.65 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in Flowserve by 0.5% during the second quarter. FMR LLC now owns 9,337,955 shares of the industrial products company’s stock worth $377,253,000 after buying an additional 48,606 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Flowserve by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 2,818,792 shares of the industrial products company’s stock worth $113,879,000 after buying an additional 25,172 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new position in Flowserve during the second quarter worth $54,163,000. Gabelli Funds LLC increased its position in Flowserve by 2.7% during the second quarter. Gabelli Funds LLC now owns 1,648,700 shares of the industrial products company’s stock worth $66,607,000 after buying an additional 43,600 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its position in Flowserve by 17.5% during the first quarter. Westfield Capital Management Co. LP now owns 1,405,642 shares of the industrial products company’s stock worth $60,906,000 after buying an additional 209,038 shares during the last quarter.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).

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Analyst Recommendations for Flowserve (NYSE:FLS)

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