Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Flowserve Corp. (NYSE: FLS) weakened in recent days. FLS’ current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Flowserve Corp. (NYSE: FLS) stock rose modestly by 1.0% on 9/13/24. The stock closed at $46.65. Moreover, trading volume in this advance was above average at 131% of normal. The stock has been strong relative to the market over the last nine months and is unchanged 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Flowserve has a poor Appreciation Score of 22 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
Be the first to comment