Why Flowserve (FLS) is a Top Value Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Flowserve (FLS)
Founded in 1912 and headquartered at Irving, TX, Flowserve Corporation is a leading manufacturer and aftermarket service provider of comprehensive flow control systems, globally.
FLS is a Zacks Rank #3 (Hold) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 16.6X for the current fiscal year compared to the Manufacturing - General Industrial industry's P/E of 21.8X. Additionally, FLS has a PEG Ratio of 1.2 and a Price/Cash Flow ratio of 15.3X. Value investors should also note FLS' Price/Sales ratio of 1.3X.
Many value investors pay close attention to a company's earnings as well. For FLS, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $2.55 per share for 2024. Per share FLS boasts an average earnings surprise of 29.3%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding FLS to their portfolios.
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Flowserve Corporation (FLS) : Free Stock Analysis Report