Flowserve Corp (NYSE: FLS) received a number of ratings updates from brokerages and research firms i...

1. Flowserve Corp (FLS) - Investment Analysts' Recent Ratings
Updates
Flowserve Corp (NYSE: FLS) received a number of ratings updates from brokerages and research
firms in the last week:
Flowserve Corp had its "overweight" rating reaffirmed by analysts at Barclays. They now have a
$79.00 price target on the stock, down previously from $81.00.
Flowserve Corp was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating.
They now have a $80.00 price target on the stock. They noted that the move was a valuation call.
They noted that the move was a valuation call.
Flowserve Corp was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform"
rating. They now have a $78.00 price target on the stock.
Flowserve Corp had its "neutral" rating reaffirmed by analysts at DA Davidson. They now have a
$70.00 price target on the stock, down previously from $75.00.
Flowserve Corp had its price target lowered by analysts at Maxim Group from $92.00 to $80.00.
They now have a "buy" rating on the stock.

2. Flowserve Corp was downgraded by analysts at Zacks from a "neutral" rating to an "underperform"
rating. They now have a $61.00 price target on the stock. Zacks' analyst wrote, "Flowserve develops
and manufactures precision-engineered flow control equipment. We have downgraded our
recommendation to Underperform from Neutral with a target price of 61. The company reported soft
third-quarter 2014 results with earnings and revenues both lagging Zacks Consensus Estimates.
Flowserve was primarily impacted by unfavorable currency translations and short-term realignment
expenses which are proving to be a drag on company's financials. This apart, two of the three
segments also reported revenue decline. Further, the global decline in the power market resulted in
a 11% decline in the company's bookings in this segment. "
Shares of Flowserve Corp (NYSE:FLS) traded up 0.94% during mid-day trading on Wednesday,
hitting $66.92. The stock had a trading volume of 126,928 shares. Flowserve Corp has a 52-week
low of $59.35 and a 52-week high of $82.24. The stock has a 50-day moving average of $67.85 and a
200-day moving average of $73.08. The company has a market cap of $9.122 billion and a P/E ratio
of 18.39.
Flowserve Corp (NYSE:FLS) last announced its earnings results on Thursday, October 23rd. The
company reported $0.93 EPS for the quarter, missing the Thomson Reuters consensus estimate of
$1.00 by $0.07. The company had revenue of $1.20 billion for the quarter, compared to the
consensus estimate of $1.30 billion. There are a variety of simple changes which ought tobe madeto
a commercial
centrifugal or positive displacement pump. Beginning with pumps with overhung impellers,
changing to a solid shaft is a desirable adjustment compared to the more common sleeved shafts.
Mechanical seals may be upgraded through tungsten carbide faces, and elastomers are better when
replaced with EPDM. Finally, magnetic bearing protectors are certainly a vast improvement over the
lip seals which nearly all chemical pumps use to prevent contamination of bearing sump oil.
During the same quarter in the prior year, the company posted $0.90 earnings per share. The
company's quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts predict
that Flowserve Corp will post $3.75 earnings per share for the current fiscal year.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems.
The Company develops and manufacture precision-engineered flows control equipment integral
Flygt basic kits to the movement, control and protection of the flow of materials in its customers'
critical processes.
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