Flowserve Corporation s trend and data analysis indicates that the stock price has dropped -3.75% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -2.59% . Looking at the past 52 week period, the stock price is up at 0.38% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Flowserve Corporation has a positive value of 0.72 compared to overall market.Flowserve Corporation is having a Relative Strength Index of 46.98 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Flowserve Corporation (NYSE:FLS) rallied by 2.15% during the past week but lost 2.85% on a 4-week basis. The company has outperformed the S&P 500 by 1.91% in the past week but underperformed the index by 3.96% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Flowserve Corporation (NYSE:FLS) : On Friday heightened volatility was witnessed in Flowserve Corporation (NYSE:FLS) which led to swings in the share price. The stock opened for trading at $47.04 and hit $47.13 on the upside , eventually ending the session at $46.99, with a gain of 0.15% or 0.07 points. The heightened volatility saw the trading volume jump to 1,332,756 shares. The 52-week high of the share price is $52.5 and the company has a market cap of $6,133 million. The 52-week low of the share price is at $39.13 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Flowserve Corp was Upgraded by Robert W. Baird on Mar 15, 2017 to Neutral, Price Target of the shares are set at $43.Flowserve Corp was Reiterated by RBC Capital Mkts on Feb 21, 2017 to Underperform, Lowers Price Target to $ 43 from a previous price target of $44 .Company shares were Upgraded by Seaport Global Securities on Jan 23, 2017 to Buy, Raises Price Target to $ 60 from a previous price target of $48 .
Company has reported several Insider transactions to the SEC, on Mar 2, 2017, Mark A Blinn (President & CEO) sold 42,500 shares at 46.93 per share price.On Mar 2, 2017, Carey Oconnor (SVP, GC and Secretary) sold 10,500 shares at 46.97 per share price.On Mar 2, 2017, Thomas L Pajonas (EVP, Chief Operating Officer) sold 25,000 shares at 47.17 per share price.
Flowserve Corp Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.65. The company had revenue of $1074.65 million for the quarter, compared to analysts expectations of $1069.86 million. The companys revenue was down -16.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.
Flowserve Corporation is one of the worlds leading providers of industrial flow management services. Operating in 25 countries, with more than 7,000 employees, the company produces highly engineered and modular pumps, precision mechanical seals, smart, specialty, and quarter-turn valves and valve actuators, and a range of related flow management services. (Press Release)