Alert: Positive Investment/Fundamental Signals (5/8/24)-Flowserve Corp. (NYSE: FLS)

out_logo_500#06126.jpg

Significant positive changes in Flowserve Corp. (NYSE: FLS) fundamentals have recently occurred: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Flowserve Corp. (NYSE: FLS). Important positive changes in investment behavior have recently occurred: positive upside/downside volume developed.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

out_mm#06126.jpg

Current PriceTarget Research Rating

FLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Flowserve has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Flowserve has a poor Appreciation Score of 18 but a very high Power Rating of 86, resulting in the Neutral Value Trend Rating.

Recent Price Action

Flowserve Corp. (NYSE: FLS) stock closed at $48.90 on 5/8/24 after a modest gain of 0.9%. However, trading volume in this advance was below average at 78% of normal. The stock has risen 3.7% during the last week and has been strong relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*