Flowserve Corporation (NYSE:FLS) registered a -2.19% decrease, still its new closing price is 38.91% up from the company’s 1 year high of 52.10.It posted -6.50% losses in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 3 buy or better ratings. The 18 stock analysts following this company have an average price target at $47.79, with individual PT in the $40.00-$60.00 range. The shares moved at $48.19, implying that brokerage firms see shares gaining about 27.41% in twelve months time.
Flowserve Corporation (FLS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 0.29% rise year to date. A President & CEO at Flowserve Corporation (FLS) offloaded shares in a transaction closed on Wednesday November 02, 2016. BLINN MARK A sold 119,232 shares in the company at $41.64 each and collected $4,964,001 in proceeds. BLINN MARK A now owns 194,194 shares in the company after this transaction. A Director in the company, RUSNACK WILLIAM C, disclosed a transaction on Wednesday August 03, 2016 that ended up generating $101,000 from the sale of 2,169 shares at $46.72 per share.
Flowserve Corporation (NYSE:FLS) Upcoming Results on Tap
Flowserve Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.53 in that period. Sales during the quarter are predicted to arrive at $850.46 million.
Earnings surprise history: Last quarter, the company posted approximately $943.33 million in revenue and EPS of $0.52. The mean forecast was for $974.84 million and $0.62 a share, respectively. One quarter earlier, revenue for the stock was at $1.03 billion, with earnings at $0.57/share.
Flowserve Corporation (FLS) Brokerage Update
Flowserve Corporation (FLS) is in Seaport Global Securities’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Seaport Global Securities, according to news reported on Monday January 23, 2017.Another important research note was issued by Robert W. Baird on Monday December 12, 2016.The firm downgraded FLS to Underperform from Neutral. Over the last six months and over the last three months, the shares of Flowserve Corporation (FLS), have changed 4.72% and 14.89%, respectively.