Flowserve Corporation with ticker code (FLS) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 42 and 30 with the average target price sitting at $37.60. Given that the stocks previous close was at $33.20 and the analysts are correct then we can expect a percentage increase in value of 13.3%. Also worth taking note is the 50 day moving average now sits at $33.42 and the 200 moving average now moves to $31.19. The market capitalization for the company is $4,279m. Company Website: https://www.flowserve.com
The potential market cap would be $4,846m based on the market consensus.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, the Middle East, Africa, Asia Pacific, and Europe. 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, 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. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment’s products are used to control, direct, and manage the flow of liquids, gases, and multi-phase fluids. It primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.
The company has a dividend yield of 2.41% with the ex dividend date set at 23-3-2023 (DMY).
Other points of data to note are a P/E ratio of 22.66, revenue per share of 27.67 and a 2.91% return on assets.
