Flowserve (NYSE:FLS) PT Raised to $54.00 at UBS Group

Flowserve (NYSE:FLS) had its price objective upped by research analysts at UBS Group from $46.00 to $54.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price target points to a potential upside of 13.68% from the stock’s current price.

FLS has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on shares of Flowserve from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Mizuho reissued a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of Flowserve in a report on Wednesday. Bank of America raised their price objective on shares of Flowserve from $48.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on shares of Flowserve from $43.00 to $46.00 and gave the company a “sector perform” rating in a report on Thursday, February 22nd. Finally, Citigroup lifted their price target on shares of Flowserve from $50.00 to $56.00 and gave the company a “buy” rating in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.90.

Flowserve Trading Up 0.7 %

NYSE:FLS traded up $0.34 during trading hours on Wednesday, reaching $47.50. 951,462 shares of the company were exchanged, compared to its average volume of 1,086,802. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.27. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.34 and a beta of 1.46. Flowserve has a 52-week low of $32.49 and a 52-week high of $49.35. The stock has a 50 day simple moving average of $45.14 and a 200 day simple moving average of $41.43.

Flowserve (NYSE:FLS) last posted its quarterly earnings results on Monday, April 29th. The industrial products company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. Flowserve had a net margin of 5.29% and a return on equity of 15.61%. Flowserve’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, analysts predict that Flowserve will post 2.55 EPS for the current year.

Institutional Trading of Flowserve

Hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Flowserve during the 4th quarter worth about $26,000. YHB Investment Advisors Inc. bought a new stake in shares of Flowserve during the 1st quarter worth about $36,000. Raleigh Capital Management Inc. raised its position in shares of Flowserve by 122.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,083 shares of the industrial products company’s stock worth $45,000 after buying an additional 596 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Flowserve by 14,663.6% during the 4th quarter. TFO Wealth Partners LLC now owns 1,624 shares of the industrial products company’s stock worth $67,000 after buying an additional 1,613 shares in the last quarter. Finally, CWM LLC raised its position in shares of Flowserve by 153.0% during the 3rd quarter. CWM LLC now owns 1,986 shares of the industrial products company’s stock worth $79,000 after buying an additional 1,201 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.