The Implied Analyst 12-Month Target For FXR
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
ETF Analysis: The First Trust Industrials/Producer Durables AlphaDEX Fund ETF (FXR) has an implied analyst target price of $80.60, indicating an 11.43% upside from its current trading price of $72.33. Notable underlying holdings with significant upside potential include Flowserve Corp, Mohawk Industries, and Stanley Black & Decker.
Analyst Target Justification: Questions arise regarding the validity of analysts' optimistic target prices for these stocks, suggesting a need for further investor research to determine if these targets are justified or overly ambitious based on recent market developments.
Analyst Views on FLS
Wall Street analysts forecast FLS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLS is 80.75 USD with a low forecast of 74.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 77.470
Low
74.00
Averages
80.75
High
85.00
Current: 77.470
Low
74.00
Averages
80.75
High
85.00
About FLS
Flowserve Corporation is a provider of fluid motion and control products and services. The Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. Its Flowserve Pumps Division segment designs, manufactures, pretests, distributes and services highly custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals and auxiliary systems (original equipment) and related services. Its products and services are used by companies that operate in the energy, power generation, chemical, and general industries. Its Flowserve Pumps Division segment designs, manufactures, and distributes a portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related equipment. Its products are used to control, direct and manage the flow of liquids, gases and multiphase fluids. It also provides aftermarket products and services for industrial gas turbines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
