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Last Price: 45.67 - Change: -0.71 - Change %: -1.5308
04/17/2024 16:10:00 EST

Flowserve Corporation (FLS)

Industry: Specialty Industrial Machinery

Price Support Resistance

In the past 20 trading days, FLS has been trading in a range between $47.89 and $44.81 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

FLS is trading below resistance at $47.89, about 5% to the upside. There is support at $42.01 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Flowserve Corporation $FLS entered a Green zone 50 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $46, a potential upside of 0.72% from the recent price of 45.67. Our AI powered stock target predictor currently has a target price of $40.50 a potential move of -11%. The stock is trading 5.76% (potential upside) below its 52 week high of $48.30 and 45.4 % (potential downside) above its 52 week low of $31.41 - based on the recent price.

Company Summary

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.

FLS Website

News

Why Flowserve (FLS) is a Top Growth Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Source: Zacks Investment Research
Wed, 17 Apr 2024 10:46:07 -0400
Sentiment: Positive
Flowserve Announces Dates for First Quarter 2024 Financial Results
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that it plans to release its first quarter 2024 results after the close of the New York Stock Exchange (NYSE) on Monday, April 29. The following morning, on Tuesday, April 30, the company will hold its conference call with the financial community at 11 a.m. Eastern time. Scott Rowe, President and Chief Executive Officer, and o.
Source: Business Wire
Mon, 15 Apr 2024 14:58:00 -0400
Sentiment: Neutral
Here's Why Flowserve (FLS) is a Strong Momentum Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Source: Zacks Investment Research
Fri, 12 Apr 2024 10:50:20 -0400
Sentiment: Positive
Here's Why Flowserve (FLS) is a Strong Growth Stock
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Source: Zacks Investment Research
Mon, 01 Apr 2024 10:46:15 -0400
Sentiment: Positive
Flowserve (FLS) Gains From Business Strength Amid Risks
Flowserve (FLS) benefits from strength across its original equipment and aftermarket businesses, solid bookings and shareholder-friendly policies. However, rising costs and expenses are concerning.
Source: Zacks Investment Research
Mon, 01 Apr 2024 09:46:07 -0400
Sentiment: Positive
Instituions Institution %: 97.253
Last QTR Institution change: 305165

Insiders
Insiders %: 0.531
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 10000
Insiders Net last QTR: -10000

Analyst Ratings
Target Price: 46
Overall Rating: 4.1818
Strong Buys (5): 7
Buys (4): 0
Holds (3): 3
Sells (2): 1
Strong Sells (1): 0

Technicals
52 Week Hi: 48.305
52 Week Low: 31.4139
Beta: 1.466
50 Day MA: 44.1036
200 Day MA: 40.1136

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.486
Qtr Revenue Growth YOY: 0.121
Forward PE: 18.2815
Trailing PE: 32.662

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