RBC Capital Reaffirms Their Buy Rating on Flowserve (FLS)
In a report released on April 14, Deane Dray from RBC Capital maintained a Buy rating on Flowserve, with a price target of $98.00. The company’s shares closed yesterday at $81.64.
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Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Pentair. According to TipRanks, Dray has an average return of 13.7% and a 65.13% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flowserve with a $95.78 average price target, implying a 17.32% upside from current levels. In a report released on April 14, Jefferies also maintained a Buy rating on the stock with a $100.00 price target.
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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