Flowserve (NYSE:FLS) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Monday. They presently have a $43.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 4.24% from the stock’s current price.

Several other research analysts have also issued reports on FLS. Susquehanna Bancshares upgraded Flowserve from a “neutral” rating to a “positive” rating and dropped their price objective for the stock from $50.00 to $46.00 in a research note on Tuesday, August 15th. Zacks Investment Research lowered Flowserve from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 16th. UBS upgraded Flowserve from a “neutral” rating to a “positive” rating in a research note on Tuesday, August 15th. Goldman Sachs Group lowered Flowserve from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $42.65 to $37.00 in a research note on Thursday, December 7th. Finally, Robert W. Baird reiterated a “hold” rating and set a $43.00 price objective on shares of Flowserve in a research note on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.17.

Flowserve (NYSE:FLS) opened at $41.25 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.30. Flowserve has a 12 month low of $37.51 and a 12 month high of $52.10. The company has a market capitalization of $5,503.65, a price-to-earnings ratio of 27.01, a P/E/G ratio of 3.41 and a beta of 1.53.

Flowserve (NYSE:FLS) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. Flowserve had a return on equity of 12.09% and a net margin of 4.58%. The firm had revenue of $883.38 million during the quarter, compared to analyst estimates of $871.20 million. During the same period in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. research analysts predict that Flowserve will post 1.38 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. IFM Investors Pty Ltd acquired a new stake in shares of Flowserve in the third quarter valued at $302,000. California Public Employees Retirement System increased its stake in shares of Flowserve by 4.9% in the third quarter. California Public Employees Retirement System now owns 275,637 shares of the industrial products company’s stock valued at $11,739,000 after buying an additional 12,874 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Flowserve in the third quarter valued at $117,000. Janus Henderson Group PLC increased its stake in shares of Flowserve by 0.8% in the third quarter. Janus Henderson Group PLC now owns 587,871 shares of the industrial products company’s stock valued at $25,038,000 after buying an additional 4,934 shares in the last quarter. Finally, Permian Investment Partners LP acquired a new stake in shares of Flowserve in the third quarter valued at $28,535,000.

ILLEGAL ACTIVITY NOTICE: “Flowserve (FLS) Stock Rating Lowered by Stifel Nicolaus” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/flowserve-fls-stock-rating-lowered-by-stifel-nicolaus/1760591.html.

About Flowserve

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.

Analyst Recommendations for Flowserve (NYSE:FLS)

Receive News & Ratings for Flowserve Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowserve and related companies with Analyst Ratings Network's FREE daily email newsletter.