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FLS

Flowserve

$50.59

4.69 (10.22%)

10:06
08/09/18
08/09
10:06
08/09/18
10:06

Technical Take: Flowserve rallies after earnings beat

The stock is one of the bigger gainers in the S&P 500, last trading up over 11.7% to $51.33. At that price initial resistance is at the fresh 52-week high set today at $51.55 and then at $52.31. Support is at $50.03.

  • 09

    Aug

FLS Flowserve
$50.59

4.69 (10.22%)

02/20/18
RBCM
02/20/18
UPGRADE
Target $46
RBCM
Sector Perform
Flowserve upgraded to Sector Perform at RBC Capital ahead of turnaround plan
As reported earlier, RBC Capital analyst Deane Dray upgraded Flowserve to Sector Perform from Underperform and raised his price target to $46 from $39. Dray cites his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the Q4 operating miss and "low-balled FY18 outlook" did not produce new selling pressure.
02/20/18
02/20/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Chipotle (CMG) upgraded to Hold from Sell at Stifel with analyst Chris O'Cull saying that his opinion of the company's fundamentals has not changed, but sentiment has improved and he believes investor optimism will likely outweigh fundamentals in the near-term. 2. Hyatt (H) and Marriott (MAR) were upgraded to In Line from Underperform at Evercore ISI. 3. Flowserve (FLS) upgraded to Sector Perform from Underperform at RBC Capital with analyst Deane Dray citing his expectations of an announcement of a turnaround plan from the new CEO and believes the stock may have bottomed, since the fourth quarter operating miss and "low-balled fiscal 2018 outlook" did not produce new selling pressure. 4. UPS (UPS) upgraded to Buy from Hold at Edward Jones. 5. Universal Display (OLED) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying he has been looking for the right entry point on the stock since the summer, and the recent 25% selloff from the high offers that opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/14/18
DADA
05/14/18
NO CHANGE
Target $42
DADA
Neutral
Flowserve margins may stabilize in single digits, says DA Davidson
DA Davidson analyst Brent Thielman keeps his Neutral rating and $42 price target on Flowserve, saying the company's Q1 results saw GAAP operating margins decline amid "a combination of product mix, timing, execution on lower-margin backlog and more challenging industry conditions". While the analyst expects some stabilization, he also warns that Flowserve's operating margins may stabilize in the single digits vs. low to mid-teens, which could lead to a "valuation re-rating".
05/14/18
RBCM
05/14/18
NO CHANGE
Target $43
RBCM
Sector Perform
Flowserve price target lowered to $43 from $46 at RBC Capital
RBC Capital analyst Deane Dray lowered his price target on Flowserve to $43, saying the company's reiterated guidance for FY18 was a shortfall relative to "elevated" expectations of raises this earnings season. The analyst also cites another net loss in the Industrial Product Division and higher "past-due backlog" prompting a 9% sell-off in the stock price after its Q1 results. Dray keeps his Sector Perform rating on Flowserve, noting the company is still "close to bottoming" while the market awaits more turnaround detail from its new CEO.

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BHVN

Biohaven Pharmaceutical

$37.72

1.02 (2.78%)

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FIVE

Five Below

$101.38

1.86 (1.87%)

20:48
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MRNS

Marinus Pharmaceuticals

$4.21

-0.89 (-17.45%)

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  • 13

    Dec

UNM

Unum Group

$30.27

-0.04 (-0.13%)

20:25
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  • 12

    Dec

CIEN

Ciena

$32.14

0.535 (1.69%)

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  • 13

    Dec

TDC

Teradata

$38.02

0.65 (1.74%)

20:18
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Teradata targets 2021 recurring revenue growth of 14% »

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  • 12

    Dec

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    Dec

HESM

Hess Midstream Partners

$19.43

0.38 (1.99%)

19:09
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Hess Midstream Partners sees FY19 adjusted EBITDA $550M-$575M »

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TOCA

Tocagen

$11.22

-1.63 (-12.68%)

19:05
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Syndicate
Tocagen 3M share Secondary priced at $10.00 per share »

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  • 13

    Dec

ALL

Allstate

$82.37

-0.12 (-0.15%)

19:03
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Allstate announces estimated November catastrophe losses of $685M »

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XOM

Exxon Mobil

$76.04

-0.64 (-0.83%)

19:01
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NDSN

Nordson

$111.83

1.09 (0.98%)

, JCS

Communications Systems

$2.42

0.2 (9.01%)

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$111.83

1.09 (0.98%)

JCS

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$2.42

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BW

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$0.77

0.0569 (7.94%)

FIVE

Five Below

$101.38

1.86 (1.87%)

BABA

Alibaba

$151.49

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TLRD

Tailored Brands

$20.16

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LLNW

Limelight Networks

$3.20

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OXM

Oxford Industries

$74.88

0.895 (1.21%)

AGTC

Applied Genetic

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VBIV

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HASI

Hannon Armstrong

$23.10

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BVN

Buenaventura

$15.25

0.22 (1.46%)

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  • 12

    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 04

    Mar

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    Mar

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    Dec

OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:58
12/12/18
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Earnings
Oxford Industries cuts FY18 EPS view to $4.20-$4.35 from $4.45-$4.65 »

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  • 12

    Dec

OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:56
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Earnings
Oxford Industries sees Q4 EPS 96c-$1.11 vs. 93c last year »

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  • 12

    Dec

OXM

Oxford Industries

$74.88

0.895 (1.21%)

18:55
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Earnings
Oxford Industries reports Q3 adjusted EPS 14c vs. 17c last year »

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  • 12

    Dec

NEXT

NextDecade

$4.74

0.04 (0.85%)

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UAL

United Continental

$89.63

1.49 (1.69%)

18:15
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Periodicals
United CEO seeks to boost flight network by 4%-6% next year, Reuters says »

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  • 04

    Mar

AKAO

Achaogen

$1.80

0.06 (3.45%)

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FLR

Fluor

$34.11

0.29 (0.86%)

17:56
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Fluor announces participation in $2.1B rail project in Chicago »

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FIVE

Five Below

$101.38

1.86 (1.87%)

17:55
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Five Below rating change at Goldman Sachs »

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

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$0.00

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$0.00

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

17:44
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Park Hotels & Resorts announces Q4 dividend of $1.00 per share »

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PK

Park Hotels & Resorts

$29.28

0.08 (0.27%)

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CNP

CenterPoint Energy

$28.90

0.12 (0.42%)

17:37
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CenterPoint Energy raises dividend 4% to 28.75c per share »

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