Flowserve Corp. (NYSE: FLS) has a price-to-earnings ratio of 33.28x that is above its average ratio. Additionally, the 36-month beta value for FLS is 1.45. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
The public float for FLS is 130.44M and currently, short sellers hold a 0.96% ratio of that float. The average trading volume of FLS on April 12, 2024 was 1.13M shares.
FLS) stock’s latest price update
The stock price of Flowserve Corp. (NYSE: FLS) has plunged by -0.82 when compared to previous closing price of 47.48, but the company has seen a -0.11% decline in its stock price over the last five trading sessions. MarketBeat reported 2024-04-03 that The global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally pushed out its first expansionary reading during March 2024.
FLS’s Market Performance
FLS’s stock has fallen by -0.11% in the past week, with a monthly rise of 6.93% and a quarterly rise of 18.58%. The volatility ratio for the week is 1.61% while the volatility levels for the last 30 days are 1.45% for Flowserve Corp. The simple moving average for the past 20 days is 2.47% for FLS’s stock, with a 17.99% simple moving average for the past 200 days.
Analysts’ Opinion of FLS
Many brokerage firms have already submitted their reports for FLS stocks, with Jefferies repeating the rating for FLS by listing it as a “Buy.” The predicted price for FLS in the upcoming period, according to Jefferies is $50 based on the research report published on September 26, 2023 of the previous year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see FLS reach a price target of $40, previously predicting the price at $33. The rating they have provided for FLS stocks is “Buy” according to the report published on January 30th, 2023.
Credit Suisse gave a rating of “Neutral” to FLS, setting the target price at $31 in the report published on September 15th of the previous year.
FLS Trading at 7.94% from the 50-Day Moving Average
After a stumble in the market that brought FLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.52% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.94% upper at present.
During the last 5 trading sessions, FLS fell by -0.11%, which changed the moving average for the period of 200-days by +30.52% in comparison to the 20-day moving average, which settled at $46.07. In addition, Flowserve Corp. saw 14.24% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLS starting from Wilson Kirk, who sale 20,000 shares at the price of $42.12 back on Feb 26 ’24. After this action, Wilson Kirk now owns 46,832 shares of Flowserve Corp., valued at $842,460 using the latest closing price.
Stock Fundamentals for FLS
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.3 for the gross margin
The net margin for Flowserve Corp. stands at 0.04. The total capital return value is set at 0.09. Equity return is now at value 9.93, with 3.77 for asset returns.
Based on Flowserve Corp. (FLS), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.73. The interest coverage ratio of the stock is 4.98.
Currently, EBITDA for the company is 374.42 million with net debt to EBITDA at 2.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.63. The receivables turnover for the company is 3.72for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In conclusion, Flowserve Corp. (FLS) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
