Flowserve (FLS) Gets a Buy Rating from Stifel Nicolaus

Stifel Nicolaus analyst Nathan Jones maintained a Buy rating on Flowserve (FLSResearch Report) on July 29 and set a price target of $40.00. The company’s shares closed last Friday at $33.84.

According to TipRanks.com, Jones is a 5-star analyst with an average return of 10.5% and a 58.2% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Evoqua Water Technologies, Lincoln Electric Holdings, and Watts Water Technologies.

Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $36.43, which is an 11.3% upside from current levels. In a report issued on July 28, Mizuho Securities also maintained a Buy rating on the stock with a $35.00 price target.

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Flowserve’s market cap is currently $4.42B and has a P/E ratio of 46.46.

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Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Flowserve Pump Division and Flow Control Division. The Flowserve Pump Division segment provides pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services. The Flow Control Division segment involves engineered and industrial valves, control valves, actuators and controls and related services. The company was founded in 1790 and is headquartered in Irving, TX.

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