Flowserve (FLS) Gets a Buy from RBC Capital
RBC Capital analyst Deane Dray maintained a Buy rating on Flowserve on April 7 and set a price target of $93.00. The company’s shares closed yesterday at $77.39.
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Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Dover. According to TipRanks, Dray has an average return of 12.8% and a 60.32% success rate on recommended stocks.
In addition to RBC Capital, Flowserve also received a Buy from Jefferies’s Chirag Patel in a report issued on March 31. However, on April 7, Goldman Sachs maintained a Hold rating on Flowserve (NYSE: FLS).
Based on Flowserve’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.22 billion and a GAAP net loss of $29 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $77.54 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLS in relation to earlier this year.
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