Baird analyst Michael Halloran maintains $Flowserve (FLS.US)$ with a hold rating, and adjusts the target price from $60 to $66.
According to TipRanks data, the analyst has a success rate of 61.8% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Flowserve (FLS.US)$'s main analysts recently are as follows:
Flowserve's third-quarter adjusted earnings per share fell short of estimates, with the projected guidance for the fourth quarter indicating no anticipated improvement in earnings before interest and taxes. Nevertheless, the company's shares experienced a 2.3% increase. This uptick is thought to be due to robust bookings totaling $1.2 billion, which surpassed forecasts, a 30% year-over-year increase in power bookings, a 20% rise in the nuclear project pipeline, structurally better free cash flow conversion, and a promising outlook extending into 2025.
Flowserve's third quarter performance was generally aligned with expectations, showing operational stability. Prospects for the company are becoming increasingly favorable, with a growth in demand across the board, significant orders growth, an expanding backlog, beneficial secular trends, potential for margin improvement, better free cash flow conversion, and a balance sheet that may offer more benefits than widely recognized.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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貝雅分析師Michael Halloran維持$福斯 (FLS.US)$持有評級，並將目標價從60美元上調至66美元。
根據TipRanks數據顯示，該分析師近一年總勝率為61.8%，總平均回報率為11.3%。
此外，綜合報道，$福斯 (FLS.US)$近期主要分析師觀點如下：
福斯第三季度調整後每股收益低於預期，第四季度的預測指引顯示利息和稅前利潤沒有預期改善。儘管如此，該公司的股價上漲了2.3%。這種上漲被認爲是由強勁的訂單總額達到12億美元所致，超過了預測，電力訂單同比增長30％，核項目管道增長20%，結構更好的自由現金流轉化，以及2025年前景樂觀。
福斯第三季度表現基本符合預期，展示出運營穩定性。該公司前景變得越來越有利，需求增長全面，訂單增長顯著，積壓訂單擴大，結構有利的趨勢，邊際改善潛力，更好的自由現金流轉化，以及資產負債表可能提供比廣泛認可更多的益處。
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