In a report released yesterday, Deane Dray from RBC Capital reiterated a Hold rating on Flowserve Corp (NYSE: FLS), with a price target of $44. The company’s shares closed yesterday at $48.87.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.6% and a 60.2% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
Currently, the analyst consensus on Flowserve Corp is a Hold with an average price target of $44.86, implying a -8.2% downside from current levels. In a report released yesterday, 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 1.25M.
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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.
