Credit Suisse analyst John Walsh downgraded Flowserve (FLS) to Hold today and set a price target of $38.00. The company’s shares closed last Thursday at $36.85.
According to TipRanks.com, Walsh is a 5-star analyst with an average return of 19.0% and a 76.5% success rate. Walsh covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.
Flowserve has an analyst consensus of Hold, with a price target consensus of $37.75.
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The company has a one-year high of $51.25 and a one-year low of $18.98. Currently, Flowserve has an average volume of 937.4K.
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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: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division segment provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.
