Flowserve (NYSE:FLS) Upgraded at Wall Street Zen

Flowserve (NYSE:FLS) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

FLS has been the topic of a number of other reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price target on shares of Flowserve in a research note on Monday, February 9th. Mizuho lifted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, February 9th. Robert W. Baird set a $98.00 target price on shares of Flowserve in a research note on Monday, February 9th. Stifel Nicolaus increased their target price on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Finally, Bank of America reissued a “neutral” rating and issued a $73.00 price target (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.80.

Flowserve Trading Down 6.3%

FLS opened at $76.21 on Friday. Flowserve has a 52 week low of $37.34 and a 52 week high of $92.41. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $80.21 and a 200-day simple moving average of $67.73. The firm has a market cap of $9.70 billion, a P/E ratio of 29.09, a P/E/G ratio of 1.80 and a beta of 1.27.

Flowserve (NYSE:FLS) last posted its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities analysts expect that Flowserve will post 3.18 earnings per share for the current year.

Hedge Funds Weigh In On Flowserve

Several large investors have recently bought and sold shares of FLS. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Flowserve in the fourth quarter valued at approximately $5,019,000. MidFirst Bank acquired a new position in shares of Flowserve in the 4th quarter valued at $382,000. Pacer Advisors Inc. grew its position in shares of Flowserve by 43.1% in the 4th quarter. Pacer Advisors Inc. now owns 33,923 shares of the industrial products company’s stock valued at $2,354,000 after buying an additional 10,221 shares during the last quarter. Monetary Solutions Ltd purchased a new position in shares of Flowserve in the 4th quarter valued at $891,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in Flowserve by 102.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after acquiring an additional 877,327 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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.