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

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

FLS has been the subject of several other research reports. Citigroup lifted their price target on shares of Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Monday, February 9th. Stifel Nicolaus upped their price objective on shares of Flowserve from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Royal Bank Of Canada raised their price objective on shares of Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a report on Monday, February 9th. Finally, Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Stock Down 1.9%

FLS stock opened at $74.22 on Friday. The stock’s 50 day simple moving average is $80.89 and its 200 day simple moving average is $68.67. The company has a market cap of $9.45 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 2.03. Flowserve has a fifty-two week low of $37.34 and a fifty-two week high of $92.41.

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

Institutional Trading of Flowserve

Institutional investors have recently made changes to their positions in the company. Boston Partners purchased a new stake in shares of Flowserve in the second quarter valued at about $223,561,000. Massachusetts Financial Services Co. MA boosted its holdings in Flowserve by 104.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock worth $230,281,000 after purchasing an additional 2,213,406 shares during the last quarter. JPMorgan Chase & Co. grew its position in Flowserve by 625.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,314,195 shares of the industrial products company’s stock worth $122,978,000 after purchasing an additional 1,995,221 shares in the last quarter. Norges Bank purchased a new stake in Flowserve in the 4th quarter valued at about $117,964,000. Finally, UBS Group AG increased its stake in Flowserve by 67.8% in the 3rd quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after buying an additional 1,676,284 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.