At the time of writing, Flowserve Corp [FLS] stock is trading at $52.64, down -2.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FLS shares have gain 0.23% over the last week, with a monthly amount drifted -0.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies upgraded its rating to Buy on September 26, 2023, and elevated its price target to $50. On January 30, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $31 on September 15, 2022. BofA Securities upgraded its rating to a Neutral but $31 remained the price target by the analyst firm on July 11, 2022. Mizuho upgraded its rating to Buy for this stock on February 25, 2022, and upped its price target to $35. In a note dated December 17, 2021, Mizuho initiated an Neutral rating and provided a target price of $34 on this stock.
For the past year, the stock price of Flowserve Corp fluctuated between $35.80 and $55.90. Currently, Wall Street analysts expect the stock to reach $51 within the next 12 months. Flowserve Corp [NYSE: FLS] shares were valued at $52.64 at the most recent close of the market. An investor can expect a potential drop of -3.12% based on the average FLS price forecast.
Analyzing the FLS fundamentals
According to Flowserve Corp [NYSE:FLS], the company’s sales were 4.54B for trailing twelve months, which represents an 3.50% jump. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 52.28 points at the first support level, and at 51.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.36, and for the 2nd resistance point, it is at 54.07.
Ratios To Look Out For
It is important to note that Flowserve Corp [NYSE:FLS] has a current ratio of 1.99. As well, the Quick Ratio is 1.39, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 3.36 and price to earnings (TTM) ratio is 26.00.
Transactions by insiders
Recent insider trading involved Rowe Robert Scott, President & CEO, that happened on May 23 ’24 when 57731.0 shares were sold. President & CEO, Rowe Robert Scott completed a deal on May 22 ’24 to sell 42269.0 shares. Meanwhile, President, FCD Wilson Kirk sold 20000.0 shares on Feb 26 ’24.
