Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Flowserve Corp before investing.

In this article, we go over a few key elements for understanding Flowserve Corp’s stock price such as:

• Flowserve Corp’s current stock price and volume
• Why Flowserve Corp’s stock price changed recently
• Upgrades and downgrades for FLS from analysts
• FLS’s stock price momentum as measured by its relative strength

About Flowserve Corp (FLS)

Before we jump into Flowserve Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Flowserve Corporation is a manufacturer and aftermarket service provider of comprehensive flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. Its segments include Flowserve Pumps Division (FPD) and Flow Control Division (FCD). The FPD segment designs, manufactures, pretests, distributes and services specialty and highly engineered custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades and related aftermarket services. The FCD segment designs, manufactures, distributes and services a broad portfolio of flow control solutions, including engineered and industrial valve and automation systems, isolation and control valves, actuation, controls and related equipment. The Company also specializes in the engineering, design and testing of liquefied natural gas (LNG) submerged pumps and turbines.

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Flowserve Corp’s Stock Price as of Market Close

As of September 24, 2024, 4:00 PM, CST, Flowserve Corp’s stock price was $52.14.

Flowserve Corp is up 7.28% from its previous closing price of $48.60.

During the last market session, Flowserve Corp’s stock traded between $48.06 and $48.67. Currently, there are 131.66 million shares of Flowserve Corp stock available for purchase.

Flowserve Corp’s price-earnings (P/E) ratio is currently at 25.1, which is low compared to the Industrial Machinery & Equipment industry median of 25.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Flowserve Corp Stock Price History

Flowserve Corp’s (FLS) price is currently up 4.53% so far this month.

During the month of September, Flowserve Corp’s stock price has reached a high of $52.22 and a low of $44.33.

Over the last year, Flowserve Corp has hit prices as high as $52.09 and as low as $35.32. Year to date, Flowserve Corp’s stock is up 69.95%.

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What Caused Flowserve Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 23, 2024, there were 5 analysts who downgraded Flowserve Corp’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Flowserve Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Flowserve Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Flowserve Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Flowserve Corp (FLS) by visiting AAII Stock Evaluator.

Relative Price Strength of Flowserve Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 23, 2024, Flowserve Corp has a weighted four-quarter relative price strength of -1.88%, which translates to a Momentum Score of 56 and is considered to be Average.

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Flowserve Corp Stock Price: Bottom Line

As of September 24, 2024, Flowserve Corp’s stock price is $52.14, which is up 7.28% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Flowserve Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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