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.
Several price targets were given for FLS by the analysts covering the stock. The highest price target was 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. That number becomes 0.03 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.56 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, compared to 2 analysts that revised their FY estimates downwards.
FLS has an estimated earnings growth rate of 130.87 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. FLS has a PEG ratio of 0.46.
FLS has traded between a high of 52.10 and a low of 39.13 over the past year. Currently the stock is 18.48 percent higher than its low, and below the high by 11.02 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.