Flowserve Corporation (NYSE: FLS) recently received a number of ratings updates from brokerages and research firms:

  • 8/10/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $50.00 price target on the stock.
  • 8/9/2017 – Flowserve Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Flowserve’s second quarter 2017 adjusted earnings missed the Zacks Consensus Estimates dismally. Also, its earnings plunged 31.3% year over year. Precipitous, broad-based top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds, proved to be the primary drag. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Its shares have also underperformed the industry over the past six months. However, Flowserve’s leading position in the flow control industry, strong aftermarket business and geographical diversity are expected to offset some of these challenges. Moreover, the diligent restructuring plans are resulting in substantial cost savings, thus adding to Flowserve’s strength. In addition, increased project bidding activities in the energy markets signal brighter days ahead.”
  • 8/2/2017 – Flowserve Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Flowserve’s second quarter 2017 adjusted earnings missed the Zacks Consensus Estimates dismally. Also, its earnings plunged 31.3% year over year. Precipitous, broad-based top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds, proved to be the primary drag for the bottom line. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Capital spending deferrals and reduced activity in its key markets are proving to be major concerns. Also, escalating realignment costs are likely to pressurize short-term margin performance. Its shares have underperformed the industry over the past six months. However, Flowserve’s leading position in the flow control industry, strong aftermarket business and geographical diversity are expected to offset some of these challenges. “
  • 8/1/2017 – Flowserve Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – Flowserve Corporation had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 7/31/2017 – Flowserve Corporation was upgraded by analysts at Wolfe Research from an “underperform” rating to a “market perform” rating. They now have a $38.00 price target on the stock.
  • 7/31/2017 – Flowserve Corporation had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $46.00 price target on the stock, down previously from $50.00.
  • 7/28/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
  • 7/28/2017 – Flowserve Corporation had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 7/28/2017 – Flowserve Corporation had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $47.00 price target on the stock, down previously from $56.00.
  • 7/19/2017 – Flowserve Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/17/2017 – Flowserve Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Flowserve’s key strengths include leading position in the flow control industry, strong aftermarket business comprehensive product portfolio and wide global footprint. Also, the company’s strong aftermarket business is expected to act as a major growth catalyst. Moreover, the diligent restructuring plans are resulting in substantial cost savings, thus adding to Flowserve’s strength. In addition, increased project bidding activities in the energy markets signal brighter days, going forward. However, on the flip side, pricing pressure has proved to be a major drag on the company’s top-line performance over the past few quarters. Also, loss of sales leverage and related under-absorption are pressurizing the financials. The company’s shares have witnessed a negative return, comparing unfavorably to the Zacks categorized Machinery-General industry's average gain over the past six months.”
  • 7/14/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $50.00 price target on the stock.
  • 7/11/2017 – Flowserve Corporation is now covered by analysts at Wolfe Research. They set an “underperform” rating and a $38.00 price target on the stock.
  • 7/10/2017 – Flowserve Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Flowserve’s shares have underperformed the Zacks categorized Machinery-General industry over the past six months. Over the past few quarters the company has been suffering from precipitous top-line decline, owing to macroeconomic volatility as well as foreign currency headwinds. Pricing pressure has proved to be a major drag on the top-line performance. In addition, cautious spending by clients, loss of sales leverage and related under-absorption has been hurting the company’s profitability. Moreover, capital spending deferrals and reduced activity in its key markets are proving to be major concerns. Also, escalating realignment costs are likely to pressurize short-term margin performance. However, on the flip side, Flowserve’s leading position in the flow control industry and strong aftermarket business are expected to offset some of these challenges. Also, the company’s geographical diversity adds to its strength.”
  • 7/10/2017 – Flowserve Corporation had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $51.00 price target on the stock, down previously from $54.00.
  • 7/6/2017 – Flowserve Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Flowserve Corporation had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $56.00 price target on the stock.
  • 6/26/2017 – Flowserve Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
  • 6/21/2017 – Flowserve Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/13/2017 – Flowserve Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Flowserve Corporation (FLS) traded up 0.54% during trading on Friday, reaching $38.85. The company had a trading volume of 439,832 shares. The stock has a 50 day moving average price of $44.52 and a 200 day moving average price of $47.44. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 43.17 and a beta of 1.46. Flowserve Corporation has a 12 month low of $38.27 and a 12 month high of $52.10.

Flowserve Corporation (NYSE:FLS) last released its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.21. The firm had revenue of $877 million for the quarter, compared to analyst estimates of $933.91 million. Flowserve Corporation had a net margin of 2.68% and a return on equity of 13.20%. Flowserve Corporation’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. On average, equities research analysts predict that Flowserve Corporation will post $1.49 earnings per share for the current year.

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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