Flowserve Corporation (NYSE:FLS) Stock Has Consensus Target Price of $86.60 According to Analysts

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

Several research firms have commented on FLS. Stifel Nicolaus lifted their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. TD Cowen cut shares of Flowserve from a “buy” rating to a “hold” rating and cut their price objective for the company from $85.00 to $70.00 in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Flowserve from $91.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Robert W. Baird set a $93.00 price target on shares of Flowserve in a research note on Friday, July 31st.

Flowserve Price Performance

Shares of Flowserve stock opened at $74.34 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $9.45 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. The business’s 50-day moving average price is $76.79 and its 200-day moving average price is $75.43. Flowserve has a 12 month low of $48.71 and a 12 month high of $92.41.

Flowserve (NYSE:FLS) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share 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 the consensus estimate of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Sell-side analysts forecast that Flowserve will post 4.1 EPS for the current fiscal year.

Flowserve Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve’s payout ratio is 30.88%.

Institutional Investors Weigh In On Flowserve

A number of large investors have recently added to or reduced their stakes in FLS. BlackRock Inc. purchased a new stake in shares of Flowserve during the second quarter worth about $999,631,000. PointState Capital LP purchased a new position in Flowserve during the 2nd quarter valued at about $196,837,000. Bank of New York Mellon Corp increased its holdings in Flowserve by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company’s stock valued at $180,024,000 after purchasing an additional 118,254 shares during the period. Bank of America Corp DE bought a new position in Flowserve during the 2nd quarter valued at approximately $144,400,000. Finally, Norges Bank bought a new position in Flowserve during the 4th quarter valued at approximately $117,964,000. Institutional investors own 93.93% of the company’s stock.

About Flowserve

Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.

Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.

Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.