News headlines about Flowserve (NYSE:FLS) have trended somewhat positive on Friday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flowserve earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.3264101784724 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have recently issued reports on FLS. Zacks Investment Research upgraded shares of Flowserve from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Citigroup reiterated a “neutral” rating and set a $48.00 target price (up from $46.00) on shares of Flowserve in a research report on Monday, October 9th. KeyCorp reiterated a “hold” rating on shares of Flowserve in a research report on Thursday, September 28th. Stifel Nicolaus lowered shares of Flowserve from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research report on Monday, December 11th. Finally, Goldman Sachs Group lowered shares of Flowserve from a “neutral” rating to a “sell” rating and cut their price objective for the company from $42.65 to $37.00 in a report on Thursday, December 7th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.58.
Shares of Flowserve (FLS) traded up $0.52 during midday trading on Friday, reaching $44.00. 1,430,000 shares of the company traded hands, compared to its average volume of 1,100,000. Flowserve has a fifty-two week low of $37.51 and a fifty-two week high of $52.10. The firm has a market capitalization of $5,750.00, a price-to-earnings ratio of 35.77, a P/E/G ratio of 2.64 and a beta of 1.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a $0.19 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.76 annualized dividend and a yield of 1.73%. Flowserve’s dividend payout ratio is currently 61.79%.
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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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