Flowserve Corp. (NYSE: FLS) has a price-to-earnings ratio that is above its average at 24.28x. The stock has a 36-month beta value of 1.41. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for FLS is 130.74M, and at present, short sellers hold a 1.40% of that float. On September 18, 2024, the average trading volume of FLS was 916.82K shares.
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FLS) stock’s latest price update
The stock price of Flowserve Corp. (NYSE: FLS) has plunged by -0.52 when compared to previous closing price of 47.16, but the company has seen a 2.88% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-11 that Investors with an interest in Manufacturing – General Industrial stocks have likely encountered both Flowserve (FLS) and Nordson (NDSN). But which of these two stocks is more attractive to value investors?
FLS’s Market Performance
Flowserve Corp. (FLS) has experienced a 2.88% rise in stock performance for the past week, with a -1.77% drop in the past month, and a -1.97% drop in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 2.03% for FLS. The simple moving average for the last 20 days is -1.17% for FLS stock, with a simple moving average of 3.65% 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 -2.09% 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 -9.93% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.44% upper at present.
During the last 5 trading sessions, FLS rose by +2.88%, which changed the moving average for the period of 200-days by +22.62% in comparison to the 20-day moving average, which settled at $47.45. In addition, Flowserve Corp. saw 13.82% 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:
- 0.1 for the present operating margin
- 0.31 for the gross margin
The net margin for Flowserve Corp. stands at 0.06. The total capital return value is set at 0.11. Equity return is now at value 13.26, with 5.07 for asset returns.
Based on Flowserve Corp. (FLS), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is 6.51.
Currently, EBITDA for the company is 374.42 million with net debt to EBITDA at 1.95. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
To sum up, Flowserve Corp. (FLS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
