Flowserve Corporation (NYSE: FLS) is -12.55% lower on its value in year-to-date trading and has touched a low of $26.78 and a high of $38.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLS stock was last observed hovering at around $27.68 in the last trading session, with the day’s loss setting it -0.92% off its average median price target of $35.00 for the next 12 months. It is also 36.29% off the consensus price target high of $42.00 offered by 14 analysts, but current levels are 7.72% higher than the price target low of $29.00 for the same period.
Currently trading at $26.76, the stock is -12.38% and -14.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -3.32% at the moment leaves the stock -15.71% off its SMA200. FLS registered -22.68% loss for a year compared to 6-month loss of -22.57%.
The stock witnessed a -20.55% gain in the last 1 month and extending the period to 3 months gives it a -5.87%, and is -13.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.31% over the week and 2.81% over the month.
Flowserve Corporation (FLS) has around 15000 employees, a market worth around $3.54B and $3.49B in sales. Current P/E ratio is 36.76 and Fwd P/E is 13.15. Profit margin for the company is 2.70%. Distance from 52-week low is -0.07% and -30.29% from its 52-week high. The company has generated returns on investments over the last 12 months (7.30%).
Flowserve Corporation (FLS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Flowserve Corporation (FLS) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.50, where 8 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Flowserve Corporation is expected to release its quarterly report on 11/02/2022.The EPS is expected to shrink by -3.30% this year.
Flowserve Corporation (FLS) Top Institutional Holders
The shares outstanding are 130.67M, and float is at 130.24M with Short Float at 3.53%.
Flowserve Corporation (FLS) Insider Activity
A total of 4 insider transactions have happened at Flowserve Corporation (FLS) in the last six months, with sales accounting for 1 and purchases happening 3 times.
Flowserve Corporation (FLS): Who are the competitors?
The company’s main competitors (and peers) include IDEX Corporation (IEX) that is trading -3.95% down over the past 12 months and Graco Inc. (GGG) that is -14.67% lower over the same period. Parker-Hannifin Corporation (PH) is -9.05% down on the 1-year trading charts.