Is there a Bearish outlook for Flowserve Corporation (NYSE:FLS) this week?

April 17, 2018 - By Hannah Black

Flowserve Corporation (NYSE:FLS) LogoInvestors sentiment increased to 0.98 in Q4 2017. Its up 0.14, from 0.84 in 2017Q3. It increased, as 41 investors sold Flowserve Corporation shares while 104 reduced holdings. 41 funds opened positions while 101 raised stakes. 132.57 million shares or 0.27% more from 132.21 million shares in 2017Q3 were reported.
Winslow Evans And Crocker accumulated 810 shares or 0.01% of the stock. Gotham Asset Management Ltd Llc invested in 0.08% or 137,210 shares. Neuberger Berman Grp Inc Lc owns 4,779 shares or 0% of their US portfolio. Evercore Wealth Limited Co stated it has 0% in Flowserve Corporation (NYSE:FLS). Cibc Asset Mgmt Inc owns 0% invested in Flowserve Corporation (NYSE:FLS) for 14,421 shares. Moreover, Pitcairn has 0.05% invested in Flowserve Corporation (NYSE:FLS). Advantus Capital Mngmt holds 13,140 shares or 0.01% of its portfolio. Paloma Ptnrs Mngmt invested in 0.02% or 34,466 shares. Nomura Asset Company Ltd stated it has 0.01% in Flowserve Corporation (NYSE:FLS). Cubic Asset Mgmt reported 11,475 shares stake. 53,948 were accumulated by Oppenheimer. Amundi Pioneer Asset Inc has 0.01% invested in Flowserve Corporation (NYSE:FLS) for 93,198 shares. Balyasny Asset Management Ltd Liability owns 8,120 shares. Fil Limited owns 27,046 shares or 0% of their US portfolio. Amp Cap Limited accumulated 0.01% or 36,957 shares.

Flowserve Corporation (NYSE:FLS) Ratings Coverage

Among 8 analysts covering Flowserve (NYSE:FLS), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Flowserve had 15 analyst reports since November 3, 2017 according to SRatingsIntel. On Friday, January 12 the stock rating was maintained by Susquehanna with “Buy”. The firm earned “Hold” rating on Thursday, January 25 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Sell” on Friday, November 3. The stock of Flowserve Corporation (NYSE:FLS) has “Buy” rating given on Friday, November 3 by Stifel Nicolaus. The firm has “Hold” rating given on Monday, February 19 by RBC Capital Markets. The stock has “Neutral” rating by Seaport Global on Friday, November 3. The firm has “Hold” rating by SunTrust given on Thursday, November 2. The firm has “Hold” rating given on Tuesday, February 20 by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, April 4 by Robert W. Baird. The firm earned “Sell” rating on Friday, December 8 by Goldman Sachs. Below is a list of Flowserve Corporation (NYSE:FLS) latest ratings and price target changes.

04/04/2018 Broker: Robert W. Baird Rating: Hold New Target: $50.0000 Maintain
20/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $44.0 Maintain
19/02/2018 Broker: RBC Capital Markets Rating: Hold Upgrade
25/01/2018 Broker: BMO Capital Markets Rating: Hold New Target: $44.0 Maintain
16/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $47.0 Maintain
12/01/2018 Broker: Susquehanna Rating: Buy New Target: $50.0 Maintain
03/01/2018 Broker: RBC Capital Markets Rating: Sell New Target: $39.0 Maintain
13/12/2017 Broker: Robert W. Baird Rating: Hold New Target: $45.0 Maintain
11/12/2017 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Downgrade
08/12/2017 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Downgrade

The stock increased 1.17% or $0.54 during the last trading session, reaching $46.5. About 487,787 shares traded. Flowserve Corporation (NYSE:FLS) has declined 10.24% since April 17, 2017 and is downtrending. It has underperformed by 21.79% the S&P500.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment worldwide. The company has market cap of $6.08 billion. The firm operates through three divisions: Engineered Product Division , Industrial Product Division (IPD), and Flow Control Division (FCD). It has a 2325 P/E ratio. The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services, as well as makes gas-lubricated mechanical seal that is used in high-speed compressors.

Flowserve Corporation (NYSE:FLS) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: