Stock To Watch: Flowserve Corporation (NYSE:FLS)


The leading market experts have placed a mean price target of $45.25 on Flowserve Corporation (NYSE:FLS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.82 a share for the upcoming quarter and $2.42 for the current fiscal.

Technical View

The technical analysis of Flowserve Corporation Common St plainly substantiates that the 50-day moving average of Flowserve Corporation Common St is $47.23, and stock is trading $1.93 points away or +4.08% from its 50-day moving average of $47.23. Further it is trading $3.42 or +7.48% away its 200-day moving average of $45.74. Flowserve Corporation (NYSE:FLS) 52-week high is $52.50 and the 52-week low is $33.86.

This explains if the stock moves $-3.34, it will post a 52-week high. In event of +45.19% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Flowserve Corporation Common St, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Flowserve Corporation (NYSE:FLS) ratio came in at 24.36.

The stock last ended the trading session at $49.16 and registered a market cap of $6.41B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Flowserve Corporation (NYSE:FLS) PEG ratio is at 2.33.

1 Chart Pattern Every Investor Should Know

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