Brokerages Set Flowserve Corporation (NYSE:FLS) Price Target at $86.60

Shares of Flowserve Corporation (NYSE:FLSGet Free Report) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $86.60.

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. TD Cowen downgraded shares of Flowserve from a “buy” rating to a “hold” rating and lowered their price target for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research note on Thursday, July 30th. Finally, Citigroup restated a “buy” rating on shares of Flowserve in a research report on Thursday, April 30th.

Check Out Our Latest Report on FLS

Institutional Trading of Flowserve

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Flowserve in the 2nd quarter valued at about $999,631,000. UBS Group AG boosted its holdings in Flowserve by 67.8% in the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after purchasing an additional 1,676,284 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Flowserve by 9.9% in the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after purchasing an additional 290,226 shares during the last quarter. Nuveen LLC grew its stake in Flowserve by 6.1% during the 4th quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock valued at $192,688,000 after purchasing an additional 158,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Flowserve by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,745,206 shares of the industrial products company’s stock valued at $190,468,000 after purchasing an additional 299,346 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Price Performance

FLS opened at $81.00 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. Flowserve has a 52-week low of $48.71 and a 52-week high of $92.41. The stock has a market capitalization of $10.30 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The stock’s 50 day moving average price is $74.55 and its 200-day moving average price is $77.07.

Flowserve (NYSE:FLSGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, equities research analysts predict that Flowserve will post 4.1 EPS for the current year.

About Flowserve

(Get Free Report)

Flowserve Corporation (NYSE: FLS) is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve’s offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve’s product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.

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Analyst Recommendations for Flowserve (NYSE:FLS)

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