Credit Suisse Group analysts recently issued a revised “neutral” rating for Flowserve Corp. (NYSE: FLS). Along with this, the brokerage also increased their target price for the company from an earlier $31.00 to $38.00, as per their report on the company issued this Monday, January 4th. The new PT (price target) issued by the firm suggests a 3.12% potential up since Flowserve Corp.’s last close.
FLS stocks traded at $36.35 this Monday. The company’ current market capitalization stands at $4.80 billion. It has a positive PE (price to earnings) ratio of 37.22 along with a beta value of 1.75 at the moment. The current ratio stands at 2.57, quick ratio at 1.91 and the debt-to-equity ratio at 1.00. The 12-monthly high to low ranges from $51.25 to $18.98. The 50SMA (Simple Moving Average) stands at $35.37 and its 200SMA stands at $30.62.
Flowserve Corp. (NYSE: FLS) Stock Analysis
The quarterly earnings report for the previous fiscal quarter was released by the company on the 5th of November. The earnings stood at $0.50 EPS for that quarter that topped the consensus estimate of $0.44 proposed by analysts from several brokerages.
The estimated revenue of the company was marked at $891.42 million but it made $924.30 million for the quarter. Compared to last year’s metrics, the revenue had decreased by 7.2% in a y-o-y basis. The company’s return on equity also stands at 14.41% along with the net margin of 3.38%. During the corresponding quarter previous year, the firm’s EPS was $0.59. According to analyst’s reports, the company is likely to announce its FY2021 (Full Year 2021) EPS to be 1.78.
NYSE: FLS has recently been the subject of a lot of reports by equities analysts. Some such BidAskClub, TheStreet, Seaport Global Securities, Morgan Stanley, and so on have posted reports on this firm over the last few months.
The recent consensus rating of FLS stocks stands at “Hold” and the consensus on the target price is $32.67. Several hedge funds have also been involved in buying and selling of this company’s shares recently.