Flowserve Corporation’s stock (FLS) continues to rise above its goal

A share price of Flowserve Corporation [FLS] is currently trading at $25.63, up down -2.10%. An important factor to consider is whether the stock is rising or falling in short-term value. The FLS shares have lost -6.83% over the last week, with a monthly amount drifted -20.85%, and not seem to be holding up well over a long-time horizon.

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On 19, September 2022, Flowserve Showcases How Its Innovations in Flood Control Are Protecting the World in New Online Film Series, Beneath the Surface. In a post published today on Yahoo Finance, Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today its participation in a new online film series, Beneath the Surface, presented by the International Water Association and produced by BBC StoryWorks Commercial Productions.

From an analyst’s perspective:

Flowserve Corporation [NYSE: FLS] stock has seen the most recent analyst activity on September 15, 2022, when Credit Suisse downgraded its rating to a Neutral and also revised its price target to $31 from $38. Previously, BofA Securities upgraded its rating to Neutral on July 11, 2022, and kept the price target unchanged to $31. On February 25, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $35 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $34 on December 17, 2021. UBS upgraded its rating to a Buy and raised its price target to $46 on October 15, 2021. Credit Suisse upgraded its rating to Outperform for this stock on July 08, 2021, and upped its price target to $48. In a note dated July 07, 2021, Cowen upgraded an Outperform rating on this stock but restated the target price of $48.

Flowserve Corporation experienced fluctuations in its stock price throughout the past year between $26.06 and $38.39. Currently, Wall Street analysts expect the stock to reach $35.75 within the next 12 months. Flowserve Corporation [NYSE: FLS] shares were valued at $25.63 at the most recent close of the market. An investor can expect a potential return of 39.48% based on the average price forecast.

Analyzing the FLS fundamentals

During the last quarter, Flowserve Corporation [NYSE:FLS] saw sales of 882.22 billion, an decline of -1.80%. Gross Margin for this corporation currently stands at +30.12% with Operating Margin at +8.05%, Pretax Margin comes in at +3.77%, and Net Margin reading is +3.56%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.35 points at the first support level, and at 25.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.16, and for the 2nd resistance point, it is at 26.69.

Flowserve Corporation [FLS] reported earnings per share of $0.3 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.25/share, meaning a difference of $0.05 and a surprise factor of 20.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.07 per share as compared to estimates of $0.21 per share, a difference of $-0.14 representing a surprise of -66.70%.

Ratios To Look Out For

A current ratio of 2.10 is a noteworthy aspect of Flowserve Corporation [NYSE:FLS]. On the other hand, the Quick Ratio is 1.51, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 2.20 and the P/E (TTM) ratio is 35.21.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 0 insider sales totaling 0 shares over the past 3 months.