Flowserve Corp (NYSE: FLS) is -19.28% lower on its value in year-to-date trading and has touched a low of $37.34 and a high of $65.08 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 $46.41 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $46.43, the stock is -4.37% and -1.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing 0.04% at the moment leaves the stock -12.91% off its SMA200. FLS registered -0.34% loss for a year compared to 6-month loss of -23.41%.
The stock witnessed a -9.62% gain in the last 1 month and extending the period to 3 months gives it a -9.51%, and is -1.86% 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 2.06% over the week and 2.19% over the month.
Flowserve Corp (FLS) has around 16000 employees, a market worth around $6.07B and $4.61B in sales. Current P/E ratio is 21.77 and Fwd P/E is 12.85. Profit margin for the company is 6.12%. Distance from 52-week low is 24.34% and -28.65% from its 52-week high. The company has generated returns on investments over the last 12 months (7.67%).
The EPS is expected to grow by 21.98% this year
The shares outstanding are 131.18M, and float is at 129.98M with Short Float at 1.87%.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.78 million shares valued at $759.05 million. The investor’s holdings represent 11.9862 of the FLS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.4 million shares valued at $644.56 million to account for 10.1783 of the shares outstanding. The other top investors are FIRST EAGLE INVESTMENT MANAGEMENT, LLC which holds 10.76 million shares representing 8.1725 and valued at over $517.54 million, while WELLINGTON MANAGEMENT GROUP LLP holds 4.9735 of the shares totaling 6.55 million with a market value of $314.96 million.
