Flowserve Corp. (NYSE: FLS) has a higher price-to-earnings ratio of 27.07x compared to its average ratio. FLS has 36-month beta value of 1.40. Analysts have mixed views on the stock, 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 currently, short sellers hold a 1.08% ratio of that float. The average trading volume of FLS on October 24, 2024 was 1.11M shares.
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FLS) stock’s latest price update
Flowserve Corp. (NYSE: FLS) has experienced a decline in its stock price by -1.30 compared to its previous closing price of 53.00. However, the company has seen a fall of -4.52% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Get a deeper insight into the potential performance of Flowserve (FLS) for the quarter ended September 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
FLS’s Market Performance
FLS’s stock has fallen by -4.52% in the past week, with a monthly rise of 0.27% and a quarterly rise of 3.20%. The volatility ratio for the week is 1.70% while the volatility levels for the last 30 days are 2.19% for Flowserve Corp. The simple moving average for the past 20 days is -2.19% for FLS’s stock, with a 11.36% 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 $65 based on the research report published on October 18, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see FLS reach a price target of $50, previously predicting the price at $40. The rating they have provided for FLS stocks is “Buy” according to the report published on September 26th, 2023.
BofA Securities gave a rating of “Buy” to FLS, setting the target price at $40 in the report published on January 30th of the previous year.
FLS Trading at 4.20% 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 -6.42% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares sank -0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.51% upper at present.
During the last 5 trading sessions, FLS fell by -4.27%, which changed the moving average for the period of 200-days by +31.82% in comparison to the 20-day moving average, which settled at $53.49. In addition, Flowserve Corp. saw 26.91% 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 1.74. 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 put it simply, Flowserve Corp. (FLS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
