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RBC Capital Keeps Their Hold Rating on Flowserve (FLS)

RBC Capital analyst Deane Dray maintained a Hold rating on Flowserve (FLSResearch Report) on July 13 and set a price target of $31.00. The company’s shares closed last Thursday at $27.36, close to its 52-week low of $27.14.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 6.8% and a 46.1% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Evoqua Water Technologies, and Emerson Electric Company.

Flowserve has an analyst consensus of Moderate Buy, with a price target consensus of $36.43, a 35.3% upside from current levels. In a report issued on July 11, Bank of America Securities also upgraded the stock to Hold.

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The company has a one-year high of $43.63 and a one-year low of $27.14. Currently, Flowserve has an average volume of 985.4K.

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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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