Oppenheimer Sticks to Their Hold Rating for Flowserve Corp

In a report released yesterday, Jim Giannakouros from Oppenheimer maintained a Hold rating on Flowserve Corp (NYSE: FLS). The company’s shares closed yesterday at $47.88.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 5.9% and a 55.2% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Flowserve Corp has an analyst consensus of Hold, with a price target consensus of $47.75.

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Based on Flowserve Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $106 million. In comparison, last year the company had a net profit of $19.05 million.

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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.