Stock Rating Upgrade
In recent days the Value Trend Rating for Flowserve Corp. (NYSE: FLS) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 8/9/24, Flowserve Corp. (NYSE: FLS) stock rose slightly by 0.2%, closing at $45.55. However, below average trading volume at 78% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.9% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Flowserve has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
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