The stock of Flowserve Corp. (NYSE: FLS) has decreased by -2.24 when compared to last closing price of 49.98. Despite this, the company has experienced a -1.97% fall in its stock price over the last five trading sessions. zacks.com reported 2024-05-22 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Flowserve Corp. (NYSE: FLS) Right Now?
Flowserve Corp. (NYSE: FLS) has a higher price-to-earnings ratio of 27.56x compared to its average ratio, The 36-month beta value for FLS is at 1.46. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 as “hold,” and 1 as “sell.”
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The public float for FLS is 130.92M, and currently, shorts hold a 1.34% of that float. The average trading volume for FLS on May 24, 2024 was 1.21M shares.
FLS’s Market Performance
FLS’s stock has seen a -1.97% decrease for the week, with a 4.56% rise in the past month and a 16.00% gain in the past quarter. The volatility ratio for the week is 1.61%, and the volatility levels for the past 30 days are at 1.65% for Flowserve Corp. The simple moving average for the last 20 days is 0.45% for FLS stock, with a simple moving average of 17.88% for the last 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 3.72% 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 -3.23% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares surge +5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.18% upper at present.
During the last 5 trading sessions, FLS fell by -1.97%, which changed the moving average for the period of 200-days by +24.83% in comparison to the 20-day moving average, which settled at $48.77. In addition, Flowserve Corp. saw 18.53% 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 Rowe Robert Scott, who sale 57,731 shares at the price of $49.24 back on May 23 ’24. After this action, Rowe Robert Scott now owns 349,512 shares of Flowserve Corp., valued at $2,842,583 using the latest closing price.
Rowe Robert Scott, the President & CEO of Flowserve Corp., sale 42,269 shares at $49.98 during a trade that took place back on May 22 ’24, which means that Rowe Robert Scott is holding 407,243 shares at $2,112,605 based on the most recent closing price.
Stock Fundamentals for FLS
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.3 for the gross margin
The net margin for Flowserve Corp. stands at 0.05. The total capital return value is set at 0.11. Equity return is now at value 12.33, with 4.67 for asset returns.
Based on Flowserve Corp. (FLS), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 5.97.
Currently, EBITDA for the company is 374.42 million with net debt to EBITDA at 1.96. When we switch over and look at the enterprise to sales, we see a ratio of 1.65. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In conclusion, Flowserve Corp. (FLS) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
