Flowserve Corporation which can be found using ticker (FLS) have now 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 42 and 27 suggesting an average Analsyt target price of $37.30. Given that the stocks previous close was at $34.44 and the analysts are correct then we can expect a percentage increase in value of 8.3%. Also worth taking note is the 50 day moving average now sits at $33.81 while the 200 day moving average is $30.85. The total market capitalization for the company now stands at $4,345m. Visit the company website at: https://www.flowserve.com
The potential market cap would be $4,706m 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 2.32% with the ex dividend date set at 23-3-2023 (DMY).
Other points of data to note are a P/E ratio of 23.01, revenue per share of 27.67 and a 2.91% return on assets.
