TD Cowen analyst Joseph C Giordano maintains $Flowserve (FLS.US)$ with a buy rating, and maintains the target price at $60.
According to TipRanks data, the analyst has a success rate of 64.9% and a total average return of 10.5% 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 expectations, and the implied guidance for the fourth quarter suggests that there will be no significant recovery in earnings before interest and taxes. Nevertheless, the company's stock saw an increase of 2.3% despite these results. This positive market reaction is likely due to the company's strong bookings totaling $1.2 billion, which surpassed projections. Additionally, the company saw a 30% year-over-year increase in power bookings, and the pipeline for nuclear projects also grew by 20%. Furthermore, there is evidence of sustained improvement in free cash flow conversion, along with a promising outlook extending into 2025.
Orders for Flowserve continue to be robust, and the company is experiencing its highest backlog to date, with margins indicating a positive trajectory.
Flowserve's third quarter performance was generally aligned with forecasts operationally. The outlook is becoming increasingly appealing due to a variety of factors, such as robust demand across the board, significant growth in orders, an expanding backlog, advantageous secular trends, potential margin improvement, enhanced free cash flow conversion, and a balance sheet that may offer more opportunities than currently recognized.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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TD Cowen分析師Joseph C Giordano維持$福斯 (FLS.US)$買入評級，維持目標價60美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.9%，總平均回報率為10.5%。
此外，綜合報道，$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，第四季度的隱含指導表明，利息和稅前收益不會出現顯著回升。儘管如此，儘管有這些業績，該公司的股票仍上漲了2.3％。這種積極的市場反應可能是由於該公司的強勁預訂總額爲12億美元，超出了預期。此外，該公司的電力預訂量同比增長了30％，核項目管道也增長了20％。此外，有證據表明，自由現金流轉換持續改善，展望到2025年。
Flowserve的訂單繼續保持強勁，該公司正處於迄今爲止最高的積壓訂單中，利潤率顯示出積極的走勢。
Flowserve第三季度的業績總體上與運營預測一致。由於各種因素，例如全面強勁的需求、訂單的顯著增長、積壓的擴大、有利的長期趨勢、潛在的利潤率提高、自由現金流轉換的增強以及資產負債表可能提供比目前認可的更多機會，前景變得越來越吸引人。
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