Flowserve Corp (NYSE:FLS) has received an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $49.82.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Flowserve from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Friday, May 17th. ValuEngine upgraded Flowserve from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, TheStreet upgraded Flowserve from a “c” rating to a “b-” rating in a report on Wednesday, February 27th.
Flowserve stock traded down $1.24 during midday trading on Thursday, hitting $48.62. The company’s stock had a trading volume of 60,083 shares, compared to its average volume of 1,269,983. The company has a current ratio of 2.17, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. Flowserve has a 12 month low of $35.88 and a 12 month high of $56.86. The stock has a market cap of $6.64 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 1.49 and a beta of 1.66.
In other Flowserve news, insider John Lenander sold 6,818 shares of Flowserve stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $44.75, for a total transaction of $305,105.50. Following the transaction, the insider now owns 22,130 shares of the company’s stock, valued at approximately $990,317.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.36% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. grew its stake in Flowserve by 91.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,089 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 520 shares in the last quarter. Fort L.P. purchased a new position in Flowserve during the 1st quarter valued at about $52,000. Exane Asset Management purchased a new position in Flowserve during the 4th quarter valued at about $77,000. Enlightenment Research LLC purchased a new position in Flowserve during the 4th quarter valued at about $95,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Flowserve during the 4th quarter valued at about $128,000.
Flowserve Corporation designs, develops, 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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