Flowserve traded at $65.07 this Friday May 15th, decreasing $2.92 or 4.29 percent since the previous trading session. Looking back, over the last four weeks, Flowserve lost 16.39 percent. Over the last 12 months, its price rose by 26.06 percent. Looking ahead, we forecast Flowserve to be priced at 63.76 by the end of this quarter and at 59.99 in one year, according to Trading Economics global macro models projections and analysts expectations.
Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company operates through two segments: Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment designs, manufactures, pre-tests, distributes and services specialty and engineered custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades and related aftermarket services. The FCD segment designs, manufactures, distributes and services a portfolio of flow control solutions, including engineered and industrial valve and automation systems, isolation and control valves, actuation, controls and related equipment. Its product portfolio of pumps, valves, seals, automation and aftermarket services supports global infrastructure industries, including oil and gas, chemical, power generation, including nuclear, fossil and renewable, and water management, as well as certain industrial markets.