Flowserve (FLS) Receives a Rating Update from a Top Analyst
In a report released today, Nathan Jones from Stifel Nicolaus maintained a Buy rating on Flowserve, with a price target of $102.00.
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Jones covers the Industrials sector, focusing on stocks such as Parker Hannifin, A. O. Smith Corporation, and Curtiss-Wright. According to TipRanks, Jones has an average return of 22.6% and a 72.73% success rate on recommended stocks.
In addition to Stifel Nicolaus, Flowserve also received a Buy from Citi’s Andrew Kaplowitz in a report issued today. 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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