TD Cowen Maintains Flowserve(FLS.US) With Buy Rating, Raises Target Price to $60

TD Cowen维持福斯(FLS.US)买入评级，上调目标价至60美元

moomoo资讯 · 2024/11/01 09:32 · 评级/大行评级

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.

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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.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

TD Cowen分析师Joseph C Giordano维持$福斯 (FLS.US)$买入评级，并将目标价从57美元上调至60美元。

根据TipRanks数据显示，该分析师近一年总胜率为64.3%，总平均回报率为10.4%。

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此外，综合报道，$福斯 (FLS.US)$近期主要分析师观点如下：

Flowserve第三季度调整后的每股收益未达到预期数字，第四季度的预期指导并未表明利息和税前收益有所改善。尽管有这些业绩，但该股还是增长了2.3％，分析师将其归因于总额为12亿美元的强劲预订量，超出了预期。此外，电力行业的预订量同比增长了30％，核项目查询量也增长了20％。此外，观察到自由现金流转换的结构性改善，到2025年的前景乐观。
Flowserve第三季度的业绩总体上与预期一致，运营前景似乎更加乐观。这包括广泛的健康需求、强劲的订单增长、积压的增加以及良好的长期趋势。此外，利润率提高的可能性、更好的自由现金流转换率以及强劲资产负债表的好处可能尚未得到充分认可。

提示:

TipRanks为独立第三方，提供金融分析师的分析数据，并计算分析师推荐的平均回报率和胜率。提供的信息并非投资建议，仅供参考。本文不对评级数据和报告的完整性与准确性做出认可、声明或保证。

TipRanks提供每位分析师的星级，分析师星级代表分析师所有推荐的过往表现，通过分析师的总胜率和平均回报率综合计算得出，星星越多，则该分析师过往表现越优异，最高为5颗星。

分析师总胜率为近一年分析师的评级成功次数占总评级次数的比率。评级的成功与否，取决于TipRanks的虚拟投资组合是否从该股票中产生正回报。

总平均回报率为基于分析师的初始评级创建虚拟投资组合，并根据评级变化对组合进行调整，在近一年中该投资组合所获得的回报率。

声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。更多信息

TD Cowen Maintains Flowserve(FLS.US) With Buy Rating, Raises Target Price to $60

TD Cowen Maintains Flowserve(FLS.US) With Buy Rating, Raises Target Price to $60

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