TD Cowen analyst Joseph C Giordano maintains $Flowserve (FLS.US)$ with a buy rating, and adjusts the target price from $57 to $60.
According to TipRanks data, the analyst has a success rate of 64.3% and a total average return of 10.4% 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 did not meet the anticipated figures, and the projected guidance for the fourth quarter does not indicate an improvement in earnings before interest and taxes. Despite these results, the stock experienced a 2.3% increase, which analysts attribute to robust bookings totaling $1.2 billion, exceeding forecasts. Additionally, bookings from the power sector saw a 30% rise year-over-year, with nuclear project inquiries also growing by 20%. Furthermore, there is an observed structural enhancement in free cash flow conversion along with a promising outlook stretching into 2025.
Flowserve's third quarter performance was generally aligned with expectations, with operational prospects appearing more favorable. This includes widespread healthy demand, robust growth in orders, increasing backlog, and favorable long-term trends. Additionally, the potential for margin improvement, better free cash flow conversion, and the benefits of a strong balance sheet may not be fully recognized.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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TD Cowen分析師Joseph C Giordano維持$福斯 (FLS.US)$買入評級，並將目標價從57美元上調至60美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.3%，總平均回報率為10.4%。
此外，綜合報道，$福斯 (FLS.US)$近期主要分析師觀點如下：
Flowserve第三季度調整後的每股收益未達到預期數字，第四季度的預期指導並未表明利息和稅前收益有所改善。儘管有這些業績，但該股還是增長了2.3％，分析師將其歸因於總額爲12億美元的強勁預訂量，超出了預期。此外，電力行業的預訂量同比增長了30％，核項目查詢量也增長了20％。此外，觀察到自由現金流轉換的結構性改善，到2025年的前景樂觀。
Flowserve第三季度的業績總體上與預期一致，運營前景似乎更加樂觀。這包括廣泛的健康需求、強勁的訂單增長、積壓的增加以及良好的長期趨勢。此外，利潤率提高的可能性、更好的自由現金流轉換率以及強勁資產負債表的好處可能尚未得到充分認可。
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