In a report released on April 21, Deane Dray from RBC Capital maintained a Hold rating on Flowserve (FLS – Research Report), with a price target of $50.00. The company’s shares closed yesterday at $46.04.
According to TipRanks, Dray is a 5-star analyst with an average return of 14.8% and a 63.53% success rate. Dray covers the Industrials sector, focusing on stocks such as Eaton, Atkore International Group, and 3M.
Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $49.75.
FLS market cap is currently $6.01B and has a P/E ratio of 32.36.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Flowserve (FLS) Company Description:
Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division segment provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.
