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Here's Why Flowserve (FLS) is a Strong Value Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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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 #2 (Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 18.1X for the current fiscal year compared to the Manufacturing - General Industrial industry's P/E of 19.8X. Additionally, FLS has a PEG Ratio of 1.2 and a Price/Cash Flow ratio of 17.5X. Value investors should also note FLS' Price/Sales ratio of 1.4X.

A company's earnings performance is important for value investors as well. For fiscal 2024, six analysts revised their earnings estimate higher in the last 60 days for FLS, while the Zacks Consensus Estimate has increased $0.11 to $2.66 per share. FLS also holds an average earnings surprise of 21.7%.

Investors should take the time to consider FLS for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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Flowserve Corporation (FLS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research