Flowserve (NYSE:FLS) Downgraded by Wall Street Zen to “Buy”

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

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a report on Monday, February 9th. Mizuho boosted their price objective on shares of Flowserve from $74.00 to $91.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Bank of America reissued a “neutral” rating and set a $73.00 target price (up from $60.00) on shares of Flowserve in a report on Friday, November 14th. UBS Group increased their price target on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird set a $98.00 target price on Flowserve in a research report on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Trading Up 0.8%

Shares of NYSE:FLS opened at $88.90 on Friday. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 1.96 and a beta of 1.29. Flowserve has a 12 month low of $37.34 and a 12 month high of $91.31. The company’s fifty day simple moving average is $77.18 and its 200 day simple moving average is $65.44. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68.

Flowserve (NYSE:FLS) last announced its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, research analysts forecast that Flowserve will post 3.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new stake in Flowserve during the second quarter worth about $26,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Flowserve during the 4th quarter worth approximately $36,000. BOKF NA bought a new position in Flowserve in the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in Flowserve during the third quarter valued at approximately $36,000. Finally, Hantz Financial Services Inc. lifted its stake in Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 418 shares during the last quarter. 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.