Mizuho Forecasts Strong Price Appreciation for Flowserve (NYSE:FLS) Stock

Flowserve (NYSE:FLS) had its price target boosted by stock analysts at Mizuho from $60.00 to $74.00 in a research note issued on Monday, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target indicates a potential upside of 1.76% from the stock’s current price.

Several other analysts have also weighed in on FLS. Zacks Research lowered Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. UBS Group raised their price target on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada lifted their price target on shares of Flowserve from $66.00 to $76.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $84.00 price objective on shares of Flowserve in a research report on Thursday, October 30th. Finally, Cowen restated a “buy” rating on shares of Flowserve in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.60.

Flowserve Stock Performance

Shares of Flowserve stock opened at $72.72 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. The company has a market cap of $9.24 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The company has a 50 day moving average of $70.08 and a 200-day moving average of $59.33. Flowserve has a 1-year low of $37.34 and a 1-year high of $74.63.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.80 by $0.10. Flowserve had a net margin of 9.66% and a return on equity of 19.41%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Flowserve has set its FY 2025 guidance at 3.400-3.500 EPS. As a group, equities research analysts forecast that Flowserve will post 3.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Flowserve

In related news, CFO Amy B. Schwetz sold 47,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $71.02, for a total value of $3,337,940.00. Following the sale, the chief financial officer owned 52,628 shares of the company’s stock, valued at $3,737,640.56. The trade was a 47.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Claire Hudson sold 10,667 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $70.01, for a total value of $746,796.67. Following the completion of the sale, the insider owned 6,589 shares of the company’s stock, valued at $461,295.89. The trade was a 61.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 59,276 shares of company stock worth $4,196,578. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new stake in shares of Flowserve in the second quarter valued at about $25,000. First Horizon Advisors Inc. bought a new stake in Flowserve in the second quarter valued at approximately $26,000. BOKF NA bought a new stake in Flowserve in the third quarter valued at approximately $28,000. Hilltop National Bank acquired a new stake in Flowserve during the 2nd quarter valued at approximately $31,000. Finally, IFP Advisors Inc raised its holdings in Flowserve by 1,289.6% during the 2nd quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 619 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.