News articles about Flowserve (NYSE:FLS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flowserve earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.1092717853322 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have recently commented on the company. Robert W. Baird reissued a “hold” rating and issued a $45.00 price target on shares of Flowserve in a research report on Friday, December 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $47.00 target price (up from $43.00) on shares of Flowserve in a research report on Tuesday, January 16th. Royal Bank of Canada raised Flowserve from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 20th. Goldman Sachs Group downgraded Flowserve from a “neutral” rating to a “sell” rating and dropped their price target for the company from $42.65 to $37.00 in a research note on Thursday, December 7th. Finally, Zacks Investment Research downgraded Flowserve from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.67.
Flowserve (FLS) traded down $0.24 during midday trading on Wednesday, reaching $44.36. The company had a trading volume of 229,978 shares, compared to its average volume of 1,495,682. The firm has a market cap of $5,906.83, a PE ratio of -2,234.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.52. Flowserve has a 12 month low of $37.51 and a 12 month high of $51.92. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.71%. Flowserve’s payout ratio is currently -3,800.00%.
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Flowserve Company Profile
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company’s segments include Engineered Product Division, Industrial Product Division and Flow Control Division. Its geographic segments include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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