Flowserve (NYSE:FLS) Upgraded at Baird R W

Flowserve (NYSE:FLS) was upgraded by Baird R W from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

FLS has been the topic of a number of other research reports. StockNews.com downgraded Flowserve from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Stifel Nicolaus raised their price target on Flowserve from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Citigroup lowered their price target on Flowserve from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. TD Cowen raised their price target on Flowserve from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Mizuho raised their price target on Flowserve from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Two 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

Flowserve Trading Up 2.8 %

Shares of FLS stock opened at $50.38 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.39 and a current ratio of 1.97. Flowserve has a 52-week low of $43.66 and a 52-week high of $65.08. The company has a market capitalization of $6.64 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The business’s fifty day moving average is $58.19 and its 200 day moving average is $56.31.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.07). Flowserve had a return on equity of 17.08% and a net margin of 6.20%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts anticipate that Flowserve will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC grew its stake in shares of Flowserve by 4,790.0% in the fourth quarter. Headlands Technologies LLC now owns 489 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 479 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Flowserve in the third quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Flowserve in the third quarter worth about $29,000. Park Square Financial Group LLC bought a new stake in shares of Flowserve in the fourth quarter worth about $33,000. Finally, Colonial Trust Co SC grew its stake in shares of Flowserve by 415.7% in the fourth quarter. Colonial Trust Co SC now owns 593 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 478 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

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.