Flowserve (NYSE:FLS) Stock Rating Lowered by Wall Street Zen

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

Other equities research analysts also recently issued research reports about the company. TD Cowen restated a “buy” rating on shares of Flowserve in a research report on Thursday. Stifel Nicolaus upped their price objective on Flowserve from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, February 9th. Royal Bank Of Canada lifted their target price on shares of Flowserve from $83.00 to $96.00 and gave the stock an “outperform” rating in a research report 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. Finally, Jefferies Financial Group raised their price target on shares of Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.80.

Flowserve Trading Up 0.8%

FLS opened at $88.90 on Friday. The company has a market cap of $11.31 billion, a P/E ratio of 33.93, a PEG ratio of 1.96 and a beta of 1.29. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $77.18 and its 200-day moving average is $65.44. Flowserve has a 1-year low of $37.34 and a 1-year high of $91.31.

Flowserve (NYSE:FLS) last issued its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm’s 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. Equities research analysts predict that Flowserve will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flowserve

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