4 days Ago By ABMN Staff
Flowserve ( NYSE:FLS – Get Free Report ) had its price objective lowered by Citigroup from $72.00 to $56.00 in a research note issued to investors on Monday, Benzinga reports.
The brokerage currently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target suggests a potential upside of 30.79% from the stock’s previous close.
A number of other research firms also recently issued reports on FLS. TD Cowen increased their target price on shares of Flowserve from $60.00 to $75.
00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Mizuho increased their price objective on shares of Flowserve from $65.00 to $70.
00 and gave the stock an “outperform” rating in a research report on Thursday, February 20th. Baird R W upgraded shares of Flowserve from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. StockNews.
com downgraded Flowserve from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price objective on Flowserve from $77.00 to $50.
00 and set a “buy” rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.
30. Get Our Latest Stock Report on FLS Flowserve Stock Performance Flowserve ( NYSE:FLS – Get Free Report ) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $0.
70 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.07).
Flowserve had a return on equity of 17.08% and a net margin of 6.20%.
The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.21 billion.
Analysts expect that Flowserve will post 3.18 EPS for the current year. Institutional Trading of Flowserve Several institutional investors have recently added to or reduced their stakes in the stock.
Headlands Technologies LLC raised its stake in shares of Flowserve by 4,790.0% in the 4th quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 479 shares in the last quarter.
Wilmington Savings Fund Society FSB acquired a new stake in Flowserve during the third quarter valued at approximately $29,000. Park Square Financial Group LLC bought a new position in Flowserve during the 4th quarter worth approximately $33,000. Colonial Trust Co SC grew its position in shares of Flowserve by 415.
7% in the 4th quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 478 shares in the last quarter. Finally, UMB Bank n.
a. increased its holdings in shares of Flowserve by 64.2% in the 4th quarter.
UMB Bank n.a. now owns 711 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 278 shares during the last quarter.
93.93% of the stock is owned by institutional investors and hedge funds. Flowserve Company Profile ( Get Free Report ) Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.
It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets. Read More Receive News & Ratings for Flowserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve and related companies with MarketBeat.
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