At the time of writing, Flowserve Corp [FLS] stock is trading at $60.68, up 1.71%. 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 2.10% over the last week, with a monthly amount drifted -0.72%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Flowserve Corp [NYSE: FLS] stock has seen the most recent analyst activity on December 12, 2024, when Goldman upgraded its rating to a Neutral and also boosted its price target to $69 from $55. Previously, RBC Capital Mkts upgraded its rating to Outperform on November 22, 2024, and elevated its price target to $69. Jefferies upgraded its rating to a Buy and increased its price target to $50 on September 26, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $40 on January 30, 2023. Credit Suisse downgraded its rating to Neutral for this stock on September 15, 2022, and downed its price target to $31. In a note dated July 11, 2022, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $31.
For the past year, the stock price of Flowserve Corp fluctuated between $39.37 and $62.32. Currently, Wall Street analysts expect the stock to reach $60.2 within the next 12 months. Flowserve Corp [NYSE: FLS] shares were valued at $60.68 at the most recent close of the market. An investor can expect a potential drop of -0.79% 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 0.31% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
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 60.33 points at the first support level, and at 59.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.03, and for the 2nd resistance point, it is at 61.39.
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 1.75, the price to book ratio is 3.87 and price to earnings (TTM) ratio is 29.97.
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.
