Flowserve Co. (NYSE:FLS) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Flowserve Co. (NYSE:FLS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $61.30.

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Flowserve from $46.00 to $52.00 and gave the stock a "sell" rating in a research report on Thursday, October 10th. Mizuho boosted their target price on shares of Flowserve from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Royal Bank of Canada upgraded Flowserve from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $57.00 to $69.00 in a report on Friday. StockNews.com cut shares of Flowserve from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 8th. Finally, Bank of America lifted their price target on shares of Flowserve from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Flowserve

A number of hedge funds and other institutional investors have recently modified their holdings of FLS. O Shaughnessy Asset Management LLC increased its position in Flowserve by 7.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,266 shares of the industrial products company's stock worth $286,000 after acquiring an additional 426 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Flowserve by 1.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 86,629 shares of the industrial products company's stock valued at $3,957,000 after acquiring an additional 1,328 shares during the last quarter. Natixis increased its holdings in shares of Flowserve by 964.3% in the first quarter. Natixis now owns 9,951 shares of the industrial products company's stock valued at $455,000 after purchasing an additional 9,016 shares in the last quarter. Toronto Dominion Bank grew its stake in Flowserve by 0.7% in the 1st quarter. Toronto Dominion Bank now owns 46,570 shares of the industrial products company's stock valued at $2,127,000 after buying an additional 305 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in Flowserve by 49.4% in the first quarter. Quadrature Capital Ltd now owns 15,944 shares of the industrial products company's stock worth $728,000 after acquiring an additional 5,271 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Flowserve Stock Performance

NYSE:FLS traded up $0.95 on Friday, reaching $61.00. 3,080,868 shares of the company's stock were exchanged, compared to its average volume of 1,415,479. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.45 and a beta of 1.38. The stock has a fifty day simple moving average of $54.39 and a 200-day simple moving average of $50.35. Flowserve has a 52 week low of $37.34 and a 52 week high of $62.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.39.

Flowserve (NYSE:FLS - Get Free Report) last announced its earnings results on Monday, October 28th. The industrial products company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.05). Flowserve had a net margin of 5.90% and a return on equity of 17.10%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Flowserve will post 2.71 earnings per share for the current year.

Flowserve Company Profile

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.