Analysts Shared Their Read on 2 Stocks: Flowserve Corporation (FLS), Nordstrom, Inc. (JWN)

The opening price for Flowserve Corporation (NYSE:FLS) was $42.04 and the volume amounted to 1.66 million shares which compares with the average volume of 1.3 million shares. The company stock experienced a -0.86% move to arrive at $41.66.

Flowserve Corporation (FLS) Analyst Opinion

Flowserve Corporation has a consensus hold rating from 15 Wall Street analysts, and the number of shares currently sold short amount to at least 8.13% of shares outstanding. The stock spiked 1.26% last month and is down -1.12 this year. Wall Street is only getting more bullish on the stock, with 2 of analysts who cover FLS having a buy-equivalent rating. Analysts have placed a $44.5 price target on Flowserve Corporation, suggesting a 6.82% gain from recent close. It’s currently trading about -13.39% below its 52-week high.

Flowserve Corporation Earnings Surprise

Flowserve Corporation (FLS) failed to surprise the stock market in its last reported earnings when it earned $0.27 a piece versus the consensus-estimated $0.27. Its revenue totaled $880.89 million down -14.81% from the previous quarter.

Flowserve Corporation (NYSE:FLS) Intraday View

This stock (FLS) is ahead of its 52-week low with 11.06%. Its last month’s stock price volatility remained 2.63% which for the week stands at 2.22%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.14% and stays -1.32% away from its 50 days moving average. Over the last five days, shares have managed 1.04% gains and now is down -2.87% since hitting its 200-day moving average of $43.36. Flowserve Corporation (FLS) has made its way to a 12-month decline of -9.67%.

Turning to Nordstrom, Inc. (NYSE:JWN), its shares were trading at $53.06 a gain of $0.75, on the trading floor. The stock, after opening at $52.4, touched a high of $53.18 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.9. Nordstrom, Inc. has 3 buy ratings, 14 holds and 0 sells even after the stock tumbled -1.94% from its high of $54.11 to a $9.09 billion market value through last close.

Nordstrom, Inc. (JWN) Consensus Price Target

The company’s consensus rating on Reuter’s scale slipped from 2.86 to 2.77 during a month. Analysts set a 12-month price target of $52.81 a share. The target implies a -0.47% decrease from where the shares are currently trading. Also, the current price highlights a discount of 30.04% to analysts’ high consensus price target.

Nordstrom, Inc. (NYSE:JWN) Intraday Trading

The counter witnessed a trading volume of 1.31 million shares versus an average volume of 2.31 million shares during last trading session. Its last month’s stock price volatility remained 2.32% which for the week approaches 2.54%. The lowest price the stock reached in the last trading day was $52.31 and compares with the $37.79 52-week low. The stock recovered 40.4% since its low point and has performed 11.99% year-to-date.