Analyst Ratings for Flowserve Corp. (FLS)Updated: 2017-07-28
An average rating of Hold has been given to Flowserve Corp. (NYSE:FLS) by analysts covering the stock. Last month, FLS received an average rating of Overweight.
21 analysts issued ratings on the stock, where 6 gave FLS a buy rating, 0 issued an overweight rating, 13 gave a hold rating, 0 issued an underweight rating, and 2 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
A number of analysts gave price targets for FLS. The most optimistic analyst gave a price target of 63, which equates to a potential upside of 35.89 percent. The minimum price target given was 38, which equates to a potential downside of -18.03 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.16 percent. The average change in earnings estimates over the last 90 days is 0.03 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.56 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
Analysts estimate earnings of FLS to grow at a rate of 130.87 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. FLS has a PEG ratio of 0.46.
FLS has a 52-week high of 52.10 and a 52-week low of 39.13. Today's price is 18.48 percent above the 52-week low, and 11.02 percent below the high. FLS has a price/earnings ratio of 60.21. Investors typically compare the P/E ratio to a company's peers in the industry. The FLS value stock report compares FLS to some of its peers using value stock charts. The market cap of FLS is $6.09 billion. FLS will post this quarters earnings in days, on 0000-00-00.