BMO Capital Markets Decides to Give Flowserve Corporation (NYSE:FLS) a Lower Rating. The TP is Now $41.00

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November 5, 2017 – By Linda Rogers







  BMO Capital Markets Decides to Give Flowserve Corporation (NYSE:FLS) a Lower Rating. The TP is Now $41.00

Investors sentiment elevated to 1.2 in Q2 2017. Its up zero.29, from zero.91 in 2017Q1. It is constructive, as 34 buyers offered Flowserve Corp shares whereas 112 lowered holdings. 55 funds opened positions whereas 120 raised stakes. 131.19 million shares or zero.98% much less from 132.48 million shares in 2017Q1 have been reported.

Parkside Bancorp Trust reported zero% in Flowserve Corp (NYSE:FLS). Pub Employees Retirement Association Of Colorado holds zero.01% of its portfolio in Flowserve Corp (NYSE:FLS) for 25,393 shares. Walleye Trading Ltd reported 15,213 shares. Millennium Mgmt Ltd Llc holds zero.05% or 651,958 shares in its portfolio. Waddell & Reed Fin Inc owns 502,200 shares. First Merchants Corp reported zero.12% of its portfolio in Flowserve Corp (NYSE:FLS). 438 have been gathered by Barrow Hanley Mewhinney And Strauss. Nationwide Fund Advsr owns zero.01% invested in Flowserve Corp (NYSE:FLS) for 44,727 shares. Tarbox Family Office holds 94 shares. Moreover, Metropolitan Life Insurance New York has zero.02% invested in Flowserve Corp (NYSE:FLS). Meeder Asset Mngmt has 17,657 shares. Virtus Invest Advisers Inc holds 10,925 shares or zero.05% of its portfolio. Ubs Asset Americas Incorporated has zero% invested in Flowserve Corp (NYSE:FLS). Creative Planning invested in 2,408 shares or zero% of the inventory. Vanguard Group, a Pennsylvania-based fund reported 12.84 million shares.

Flowserve Corporation (NYSE:FLS) Receives a Downgrade

Shares of Flowserve Corporation (NYSE:FLS) have been reduce to a Market Perform ranking by badysis badysts at BMO Capital Markets. They now have a TP of $41.00 on FLS. The previous ranking by BMO Capital Markets was a Outperform and can now not be legitimate.

Investors sentiment elevated to 1.2 in Q2 2017. Its up zero.29, from zero.91 in 2017Q1. It is constructive, as 34 buyers offered Flowserve Corp shares whereas 112 lowered holdings. 55 funds opened positions whereas 120 raised stakes. 131.19 million shares or zero.98% much less from 132.48 million shares in 2017Q1 have been reported.

Parkside Bancorp Trust reported zero% in Flowserve Corp (NYSE:FLS). Pub Employees Retirement Association Of Colorado holds zero.01% of its portfolio in Flowserve Corp (NYSE:FLS) for 25,393 shares. Walleye Trading Ltd reported 15,213 shares. Millennium Mgmt Ltd Llc holds zero.05% or 651,958 shares in its portfolio. Waddell & Reed Fin Inc owns 502,200 shares. First Merchants Corp reported zero.12% of its portfolio in Flowserve Corp (NYSE:FLS). 438 have been gathered by Barrow Hanley Mewhinney And Strauss. Nationwide Fund Advsr owns zero.01% invested in Flowserve Corp (NYSE:FLS) for 44,727 shares. Tarbox Family Office holds 94 shares. Moreover, Metropolitan Life Insurance New York has zero.02% invested in Flowserve Corp (NYSE:FLS). Meeder Asset Mngmt has 17,657 shares. Virtus Invest Advisers Inc holds 10,925 shares or zero.05% of its portfolio. Ubs Asset Americas Incorporated has zero% invested in Flowserve Corp (NYSE:FLS). Creative Planning invested in 2,408 shares or zero% of the inventory. Vanguard Group, a Pennsylvania-based fund reported 12.84 million shares.

Flowserve Corp (NYSE:FLS) Ratings Coverage

Among 24 badysts protecting Flowserve Corporation (NYSE:FLS), 7 have Buy ranking, 2 Sell and 15 Hold. Therefore 29% are constructive. Flowserve Corporation has $65 highest and $33 lowest goal. $46.50’s common goal is 18.47% above currents $39.25 inventory value. Flowserve Corporation had 73 badyst experiences since July 28, 2015 based on SRatingsIntel. As per Monday, May 2, the corporate ranking was maintained by Stifel Nicolaus. The firm was maintained on Monday, June 26 by Cowen & Co. The ranking was maintained by RBC Capital Markets with “Sell” on Wednesday, April 12. The ranking was maintained by SolarTrust on Thursday, November 2 with “Hold”. The ranking was initiated by SolarTrust on Tuesday, November three with “Neutral”. The agency has “Buy” ranking given on Monday, February 22 by Stifel Nicolaus. The firm was downgraded on Friday, November three by BMO Capital Markets. Suntrust Robinson initiated Flowserve Corp (NYSE:FLS) on Tuesday, November three with “Neutral” ranking. The ranking was downgraded by Maxim Group to “Hold” on Monday, February 22. The inventory has “Peer Perform” ranking by Wolfe Research on Monday, July 31.

The inventory elevated zero.26% or $zero.1 on November three, reaching $39.25. About four.76M shares traded or 195.65% up from the common. Flowserve Corp (NYSE:FLS) has risen 9.35% since November 5, 2016 and is uptrending. It has underperformed by 7.35% the S&P500.

Flowserve Corporation is a producer and aftermarket service well-known supplier of move management techniques. The firm has market cap of $5.13 billion. The Company’s divisions embody Engineered Product Division, Industrial Product Division and Flow Control Division. It has a 32 P/E ratio. The Company’s geographic divisions embody North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

More notable current Flowserve Corp (NYSE:FLS) information have been printed by: Nasdaq.com which launched: “Flowserve (FLS) Beats on Q3 Earnings, Guidance Narrowed” on November 02, 2017, additionally Businesswire.com with their article: “Flowserve Corporation Reports Third Quarter 2017 Results” printed on November 01, 2017, Nasdaq.com printed: “Flowserve Corporation Q3 Earnings Fall 33%” on November 01, 2017. More attention-grabbing information about Flowserve Corp (NYSE:FLS) have been launched by: Gurufocus.com and their article: “Murphy Pohlad Asset Management LLC Buys Schlumberger, Flowserve Corp, Franklin …” printed on October 26, 2017 in addition to Businesswire.com‘s information article titled: “Flowserve Announces Dates for Third Quarter 2017 Financial Results” with publication date: October 24, 2017.

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