TNC - Here's Why Flowserve Stock Should Grace Your Portfolio | Benzinga
Flowserve Corporation (NYSE: FLS) stands to benefit from strength across its businesses, focus on operational excellence and a sound liquidity position. The company remains focused on investing in growth opportunities and strengthening its long-term market position.
Image Source: Zacks Investment Research
It has a market capitalization of $6.6 billion. Over the past three months, it has gained 19.7% compared with the industry's 1.5% growth. FLS currently carries a Zacks Rank #2 (Buy).
Let's delve into the factors that have been aiding the firm for a while now.
Solid Booking Level: The company has been benefiting from robust bookings driven by strong maintenance, repair, operations and aftermarket activity. Solid booking levels supported by strong demand for bill and gas, and chemicals augur well for the company. FLS' Diversify, Decarbonize and Digitize strategy has also been supporting its growth. Notably, its first-quarter 2024 bookings of $1.04 ...