BMO Capital Sticks to Their Hold Rating for Flowserve Corp (FLS)

By Austin Angelo

In a report released yesterday, Scott Graham from BMO Capital reiterated a Hold rating on Flowserve Corp (NYSE: FLS), with a price target of $50. The company’s shares closed yesterday at $48.87.

According to TipRanks.com, Graham is a 4-star analyst with an average return of 8.8% and a 65.3% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Altra Holdings, and AO Smith Corp.

Currently, the analyst consensus on Flowserve Corp is a Hold with an average price target of $44.86, representing a -8.2% downside. In a report issued on August 8, Oppenheimer also assigned a Hold rating to the stock.

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The company has a one-year high of $51.55 and a one-year low of $37.51. Currently, Flowserve Corp has an average volume of 1.25M.

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Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. It operates through the following segments: Engineered Product Division, Industrial Product Division, and Flow Control Division.