In a report released today, Nathan Jones from Stifel Nicolaus reiterated a Hold rating on Flowserve Corp (NYSE: FLS), with a price target of $47. The company’s shares closed on Friday at $50.10, close to its 52-week high of $51.55.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 8.6% and a 60.1% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Illinois Tool Works, and Parker Hannifin.
Flowserve Corp has an analyst consensus of Hold, with a price target consensus of $46.38, which is a -7.4% downside from current levels. In a report issued on August 9, BMO Capital also reiterated a Hold rating on the stock with a $50 price target.
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The company has a one-year high of $51.55 and a one-year low of $37.51. Currently, Flowserve Corp has an average volume of 1.19M.
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Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Engineered Product Division, Industrial Product Division, and Flow Control Division.
