The stock of Flowserve Corp (FLS) has gone up by 1.76% for the week, with a -5.48% drop in the past month and a 11.29% rise in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are 1.91% for FLS. The simple moving average for the past 20 days is -2.81% for FLS’s stock, with a 15.29% simple moving average for the past 200 days.
Is It Worth Investing in Flowserve Corp (NYSE: FLS) Right Now?
Flowserve Corp (NYSE: FLS) has a price-to-earnings ratio that is above its average at 28.88x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for FLS is 130.79M, and at present, short sellers hold a 1.66% of that float. On December 27, 2024, the average trading volume of FLS was 1.31M shares.
FLS) stock’s latest price update
The stock price of Flowserve Corp (NYSE: FLS) has surged by 0.02 when compared to previous closing price of 58.45, but the company has seen a 1.76% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-16 that DALLAS–(BUSINESS WIRE)–Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company’s outstanding shares of common stock. The dividend is payable January 10, 2025, to shareholders of record as of the close of business on December 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends.
Analysts’ Opinion of FLS
Many brokerage firms have already submitted their reports for FLS stocks, with Goldman repeating the rating for FLS by listing it as a “Neutral.” The predicted price for FLS in the upcoming period, according to Goldman is $69 based on the research report published on December 12, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see FLS reach a price target of $69, previously predicting the price at $57. The rating they have provided for FLS stocks is “Outperform” according to the report published on November 22nd, 2024.
Jefferies gave a rating of “Buy” to FLS, setting the target price at $65 in the report published on October 18th of the current year.
FLS Trading at 0.43% 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 -6.19% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -4.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.88% upper at present.
During the last 5 trading sessions, FLS rose by +1.76%, which changed the moving average for the period of 200-days by +32.74% in comparison to the 20-day moving average, which settled at $60.15. In addition, Flowserve Corp saw 41.82% 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 0.12. Equity return is now at value 13.64, with 5.23 for asset returns.
Based on Flowserve Corp (FLS), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 7.08.
Currently, EBITDA for the company is 374.42 million with net debt to EBITDA at 1.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 3.57for 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 1.99.
Conclusion
To sum up, Flowserve Corp (FLS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
