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Oppenheimer Sticks to Their Hold Rating for Flowserve (FLS)

Oppenheimer analyst Bryan Blair maintained a Hold rating on Flowserve (FLSResearch Report) today. The company’s shares closed last Wednesday at $31.34.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 16.7% and a 58.6% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Evoqua Water Technologies, and Watts Water Technologies.

Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $35.86, implying a 18.3% upside from current levels. In a report issued on July 13, RBC Capital also maintained a Hold rating on the stock with a $31.00 price target.

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Flowserve’s market cap is currently $4.09B and has a P/E ratio of 42.70.

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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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