A share price of Flowserve Corp. [FLS] is currently trading at $46.38, down -0.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FLS shares have lost -2.79% over the last week, with a monthly amount glided 4.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Flowserve Corp. [NYSE: FLS] stock has seen the most recent analyst activity on September 26, 2023, when Jefferies upgraded its rating to a Buy and also boosted its price target to $50 from $40. Previously, BofA Securities upgraded its rating to Buy on January 30, 2023, and elevated its price target to $40. On September 15, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $31 on the stock. BofA Securities upgraded its rating to a Neutral but stick to its price target of $31 on July 11, 2022. Mizuho upgraded its rating to a Buy and raised its price target to $35 on February 25, 2022. Mizuho started tracking with a Neutral rating for this stock on December 17, 2021, and assigned it a price target of $34. In a note dated October 15, 2021, UBS upgraded an Buy rating on this stock and boosted its target price from $42 to $46.
Flowserve Corp. experienced fluctuations in its stock price throughout the past year between $32.05 and $48.31. Currently, Wall Street analysts expect the stock to reach $35.67 within the next 12 months. Flowserve Corp. [NYSE: FLS] shares were valued at $46.38 at the most recent close of the market. An investor can expect a potential drop of -23.09% based on the average FLS price forecast.
Analyzing the FLS fundamentals
Trailing Twelve Months sales for Flowserve Corp. [NYSE:FLS] were 4.32B which represents 12.15% growth. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
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 45.96 points at the first support level, and at 45.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.62, and for the 2nd resistance point, it is at 46.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Flowserve Corp. [NYSE:FLS] is 1.88. As well, the Quick Ratio is 1.27, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 3.14 and price to earnings (TTM) ratio is 32.78.
Transactions by insiders
Recent insider trading involved Wilson Kirk, President, FCD, that happened on Feb 26 ’24 when 20000.0 shares were sold.
