Flowserve Corporation (NYSE: FLS) is 3.33% higher on its value in year-to-date trading and has touched a low of $23.89 and a high of $37.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FLS stock was last observed hovering at around $31.48 in the last trading session, with the day’s gains setting it 0.14% off its average median price target of $32.00 for the next 12 months. It is also 24.71% off the consensus price target high of $42.00 offered by 13 analysts, but current levels are -37.48% lower than the price target low of $23.00 for the same period.
Currently trading at $31.62, the stock is 4.21% and 14.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing 0.44% at the moment leaves the stock 2.41% off its SMA200. FLS registered -3.60% loss for a year compared to 6-month loss of 4.63%.
The stock witnessed a 15.07% gain in the last 1 month and extending the period to 3 months gives it a -3.71%, and is -1.65% 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 1.96% over the week and 3.15% over the month.
Flowserve Corporation (FLS) has around 15000 employees, a market worth around $4.16B and $3.50B in sales. Current P/E ratio is 49.41 and Fwd P/E is 18.46. Profit margin for the company is 2.40%. Distance from 52-week low is 32.36% and -15.88% 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”. 13 analysts offering their recommendations for the stock have an average rating of 2.50, where 7 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 02/22/2023.The EPS is expected to shrink by -3.30% this year
Flowserve Corporation (FLS) Top Institutional Holders
The shares outstanding are 130.70M, and float is at 130.24M with Short Float at 3.19%.
Flowserve Corporation (FLS) Insider Activity
A total of 0 insider transactions have happened at Flowserve Corporation (FLS) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Flowserve Corporation (FLS): Who are the competitors?
The company’s main competitors (and peers) include IDEX Corporation (IEX) that is trading -0.41% down over the past 12 months and Graco Inc. (GGG) that is -9.97% lower over the same period. Parker-Hannifin Corporation (PH) is -6.89% down on the 1-year trading charts.