Flowserve Corp [FLS] stock prices are down -0.47% to $61.71 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FLS shares have gain 1.61% over the last week, with a monthly amount glided 11.59%, 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 November 22, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $69 from $57. On September 26, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $50 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $40 on January 30, 2023. Credit Suisse downgraded its rating to a Neutral and reduced its price target to $31 on September 15, 2022. BofA Securities upgraded its rating to Neutral for this stock on July 11, 2022, but kept the price target unchanged to $31. In a note dated February 25, 2022, Mizuho upgraded an Buy rating on this stock and boosted its target price from $34 to $35.
The stock price of Flowserve Corp [FLS] has been fluctuating between $38.07 and $62.22 over the past year. Currently, Wall Street analysts expect the stock to reach $60.2 within the next 12 months. Flowserve Corp [NYSE: FLS] shares were valued at $61.71 at the most recent close of the market. An investor can expect a potential drop of -2.45% based on the average FLS price forecast.
Analyzing the FLS fundamentals
The Flowserve Corp [NYSE:FLS] reported sales of 4.54B for trailing twelve months, representing a surge of 3.50%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 61.39 points at the first support level, and at 61.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.17, and for the 2nd resistance point, it is at 62.64.
Ratios To Look Out For
It’s worth pointing out that Flowserve Corp [NYSE:FLS]’s Current Ratio is 1.99. Also, the Quick Ratio is 1.39, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 30.48.
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.
