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 Friday as it is currently trading at $161.51, above its previous 52-week high of $160.92 with 53,216 shares traded as of 9:40 a.m. ET. Average volume has been 420,100 shares over the past 30 days.

Flowserve has a market cap of $7.89 billion and is part of the industrial goods sector and industrial industry. Shares are up 7.5% year to date as of the close of trading on Thursday.

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 19.8, above the S&P 500 P/E ratio of 17.7.

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

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