Shares of Flowserve Corp (NYSE:FLS) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $49.10.

FLS has been the subject of several research analyst reports. Seaport Global Securities reissued a “neutral” rating on shares of Flowserve in a research report on Thursday, November 8th. Stifel Nicolaus lifted their price target on shares of Flowserve from $47.00 to $52.00 and gave the company a “hold” rating in a report on Monday, October 8th. Morgan Stanley lowered shares of Flowserve from an “equal weight” rating to an “underweight” rating in a report on Tuesday, December 18th. Zacks Investment Research lowered shares of Flowserve from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Vertical Research raised shares of Flowserve from a “sell” rating to a “hold” rating and set a $43.00 price target for the company in a report on Friday, December 14th.

Flowserve stock traded down $0.08 during midday trading on Friday, hitting $41.55. 609,114 shares of the stock were exchanged, compared to its average volume of 1,111,627. Flowserve has a 1 year low of $35.88 and a 1 year high of $56.86. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 0.93 and a beta of 1.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.24 and a quick ratio of 1.60.

Flowserve (NYSE:FLS) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Flowserve had a negative net margin of 1.27% and a positive return on equity of 11.66%. The firm had revenue of $952.72 million for the quarter, compared to the consensus estimate of $925.33 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Flowserve will post 1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 18th. Shareholders of record on Friday, January 4th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, January 3rd. Flowserve’s payout ratio is 55.88%.

Institutional investors have recently bought and sold shares of the business. Girard Partners LTD. acquired a new position in Flowserve during the 3rd quarter valued at about $101,000. Zurich Insurance Group Ltd FI acquired a new position in Flowserve during the 2nd quarter valued at about $131,000. Ibex Investors LLC acquired a new position in Flowserve during the 3rd quarter valued at about $203,000. Visionary Asset Management Inc. acquired a new position in Flowserve during the 3rd quarter valued at about $218,000. Finally, Point72 Hong Kong Ltd acquired a new position in Flowserve during the 2nd quarter valued at about $163,000.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).

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Analyst Recommendations for Flowserve (NYSE:FLS)

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