Flowserve Corporation’s stock rating lowered to $23.00

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Flowserve Corp ($NYSE:FLS)oration’s stock rating was lowered to $23.00 by analysts at Piper Jaffray Companies. Flowserve Corporation is a global provider of fluid motion and control products and services. The company operates in three segments: Engineered Product Division, Industrial Product Division, and Flow Control Division.

Stock Price

This news comes after a string of mostly negative news reports about the company. However, the stock opened at $27.40 on Thursday and closed at $28.20, up by 1.3% from its last closing price of $27.90.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to see the key indicators for FLOWSERVE CORP. The company is strong in cash flow, dividend, and profitability, but weak in growth. FLOWSERVE CORP is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends.

This type of company is of interest to investors who are looking for stability and income. FLOWSERVE CORP has a high health score of 8/10, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy.

VI Peers

Its competitors include ITT Inc, Shanghai Zhenhua Heavy Industries Co Ltd, Sintokogio Ltd.

– ITT Inc ($NYSE:ITT)

3M’s market cap as of 2022 is 5.86B. The company has a return on equity of 12.81%. 3M is a diversified technology company that operates in a variety of industries, including healthcare, industrial, and consumer markets. The company’s products include adhesives, abrasives, laminates, and electro- and optical materials.

– Shanghai Zhenhua Heavy Industries Co Ltd ($SHSE:600320)

Shanghai Zhenhua Heavy Industries Co Ltd is a heavy industries company with a market cap of 14.22B as of 2022. The company has a return on equity of 7.11%. The company manufactures a range of products including cranes, construction machinery, and railway equipment. Shanghai Zhenhua Heavy Industries Co Ltd is a publicly traded company listed on the Shanghai Stock Exchange.

– Sintokogio Ltd ($TSE:6339)

Sintokogio Ltd is a Japanese company that manufactures automotive parts. As of 2022, the company has a market capitalization of 35.83 billion dollars and a return on equity of 2.76%. The company’s products include engine parts, suspension parts, and body parts.

Summary

Flowserve Corporation is a global provider of highly engineered flow control products and services for the oil and gas, chemical, power generation, water resources, and other industries. The company’s products and services include pumps, valves, seals, automation, and services. Flowserve’s stock has been under pressure in recent months as the company has been hit by a number of negative news items. This news sent the stock tumbling. Then, in November, the company announced that it was investigating possible violations of the Foreign Corrupt Practices Act.

This news sent the stock lower. Despite these challenges, Flowserve remains a strong company with a long history of success. If you are considering investing in the company, you should do your own research and speak with a financial advisor to get a better sense of whether or not it is a good investment for you.