Flowserve (NYSE:FLS) Stock Rating Upgraded by Baird R W

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

FLS has been the topic of several other research reports. Citigroup cut their price target on Flowserve from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird upgraded Flowserve from a “neutral” rating to an “outperform” rating and set a $71.00 price target on the stock in a report on Monday. TD Cowen increased their price target on Flowserve from $60.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Mizuho raised their target price on Flowserve from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Finally, StockNews.com lowered Flowserve from a “buy” rating to a “hold” rating in a 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.60.

Flowserve Trading Down 0.9 %

NYSE FLS opened at $49.90 on Monday. The business has a 50 day simple moving average of $58.00 and a 200 day simple moving average of $56.31. Flowserve has a one year low of $43.66 and a one year high of $65.08. The stock has a market capitalization of $6.57 billion, a P/E ratio of 23.32, a P/E/G ratio of 1.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.97 and a quick ratio of 1.39.

Flowserve (NYSE:FLS) last released its earnings results on Tuesday, February 18th. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.07). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. Research analysts expect that Flowserve will post 3.18 earnings per share for the current year.

Institutional Trading of Flowserve

A number of large investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its position in Flowserve by 0.6% in the third quarter. HighTower Advisors LLC now owns 37,906 shares of the industrial products company’s stock worth $1,962,000 after buying an additional 215 shares during the last quarter. Arizona State Retirement System increased its position in Flowserve by 0.6% in the fourth quarter. Arizona State Retirement System now owns 38,134 shares of the industrial products company’s stock worth $2,193,000 after buying an additional 225 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Flowserve by 0.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 26,553 shares of the industrial products company’s stock worth $1,527,000 after buying an additional 236 shares during the last quarter. Savant Capital LLC increased its position in Flowserve by 0.4% in the fourth quarter. Savant Capital LLC now owns 61,565 shares of the industrial products company’s stock worth $3,541,000 after buying an additional 251 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Flowserve by 4.1% in the third quarter. National Bank of Canada FI now owns 6,330 shares of the industrial products company’s stock worth $327,000 after buying an additional 252 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other 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.