Flowserve Reaches New 52-Week High (FLS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Flowserve Corporation (NYSE: FLS) hit a new 52-week high Thursday as it is currently trading at $129.50, above its previous 52-week high of $129.38 with 181,454 shares traded as of 1:40 p.m. ET. Average volume has been 617,800 shares over the past 30 days.

Flowserve has a market cap of $6.53 billion and is part of the industrial goods sector and industrial industry. Shares are up 28.1% year to date as of the close of trading on Wednesday.

Flowserve Corporation engages in the design, manufacture, distribution, and service of industrial flow management equipment. The company operates in three segments: FSG Engineered Product, FSG Industrial Product, and Flow Control. The company has a P/E ratio of 16.3, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Flowserve as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Flowserve Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Dow Fluctuates, Nasdaq Strikes Record High

Dow Fluctuates, Nasdaq Strikes Record High

Square Jumps After Price Target Is Raised

Square Jumps After Price Target Is Raised

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Fed Chief Uncertain About Policy-Making as Unemployment Hits 18-Year Low

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer on the Problem With the Case for More Rate Hikes

Jim Cramer on the Problem With the Case for More Rate Hikes