Flowserve Corporation (NYSE:FLS) Receives $86.60 Consensus Target Price from Analysts

Shares of Flowserve Corporation (NYSE:FLS) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $86.60.

A number of analysts have recently commented on the stock. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a research note on Thursday, July 30th. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and cut their target price for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Flowserve from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Stifel Nicolaus raised their price objective on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday.

Flowserve Trading Down 0.3%

Shares of NYSE:FLS opened at $80.92 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. Flowserve has a 52-week low of $48.71 and a 52-week high of $92.41. The business has a 50-day moving average price of $74.82 and a 200-day moving average price of $77.12. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.80 and a beta of 1.23.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Equities analysts predict that Flowserve will post 4.1 EPS for the current year.

Institutional Investors Weigh In On Flowserve

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Flowserve by 48.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 471,893 shares of the industrial products company’s stock worth $23,047,000 after acquiring an additional 153,553 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Flowserve during the 2nd quarter worth approximately $313,000. First Trust Advisors LP increased its position in Flowserve by 6.0% during the second quarter. First Trust Advisors LP now owns 134,484 shares of the industrial products company’s stock worth $7,040,000 after buying an additional 7,624 shares during the period. Cresset Asset Management LLC increased its position in Flowserve by 24.1% during the second quarter. Cresset Asset Management LLC now owns 14,246 shares of the industrial products company’s stock worth $749,000 after buying an additional 2,769 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Flowserve by 10.5% in the 2nd quarter. California Public Employees Retirement System now owns 232,848 shares of the industrial products company’s stock valued at $12,190,000 after acquiring an additional 22,108 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

Flowserve Company Profile

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.