Somewhat Negative Media Coverage Somewhat Unlikely to Affect Flowserve (FLS) Stock Price

Media coverage about Flowserve (NYSE:FLS) has been trending somewhat negative this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Flowserve earned a coverage optimism score of -0.01 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 48.2069870887881 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s analysis:

Shares of NYSE FLS opened at $44.57 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.29 and a quick ratio of 1.62. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.58 and a beta of 1.46. Flowserve has a 1 year low of $37.51 and a 1 year high of $50.43.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, May 10th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $919.90 million during the quarter, compared to analyst estimates of $881.72 million. Flowserve had a positive return on equity of 10.41% and a negative net margin of 0.03%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. equities research analysts forecast that Flowserve will post 1.64 earnings per share for the current year.

Several analysts recently commented on the company. Zacks Investment Research cut Flowserve from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 18th. Royal Bank of Canada upgraded Flowserve from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, February 20th. Stifel Nicolaus lowered their target price on Flowserve from $44.00 to $43.00 and set a “hold” rating on the stock in a research report on Monday, May 14th. Finally, DA Davidson set a $42.00 price target on Flowserve and gave the company a “hold” rating in a research note on Monday, May 14th. Three research analysts have rated the stock with a sell rating, eleven have issued 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 an average target price of $43.46.

Flowserve Company Profile

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD).

Insider Buying and Selling by Quarter for Flowserve (NYSE:FLS)

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