In a report issued on November 8, Deane Dray from RBC Capital maintained a Hold rating on Flowserve (FLS), with a price target of $29.00. The company’s shares closed last Tuesday at $32.59.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 6.2% and a 57.3% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.
Currently, the analyst consensus on Flowserve is a Hold with an average price target of $28.67, a -12.2% downside from current levels. In a report issued on November 8, Oppenheimer also maintained a Hold rating on the stock.
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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 981.9K.
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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.
