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

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

Several other brokerages have also issued reports on FLS. TD Cowen restated a “buy” rating on shares of Flowserve in a research note on Thursday, February 19th. Robert W. Baird set a $98.00 price objective on Flowserve in a research note on Monday, February 9th. Jefferies Financial Group increased their price objective on Flowserve from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $88.00 target price on shares of Flowserve in a research report on Monday, February 9th. Finally, Mizuho boosted their target price on Flowserve from $74.00 to $91.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Stock Performance

Shares of Flowserve stock opened at $74.22 on Friday. The business’s fifty day simple moving average is $80.89 and its 200 day simple moving average is $68.67. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. Flowserve has a 12 month low of $37.34 and a 12 month high of $92.41. The firm has a market capitalization 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.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company earned $0.70 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. As a group, analysts anticipate that Flowserve will post 3.18 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors Inc. bought a new stake in Flowserve during the 4th quarter valued at $36,000. BOKF NA bought a new position in shares of Flowserve in the third quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Flowserve in the third quarter valued at $36,000. Bruce G. Allen Investments LLC bought a new stake in shares of Flowserve during the 3rd quarter valued at $40,000. Finally, IFP Advisors Inc raised its stake in shares of Flowserve by 24.4% during the 3rd quarter. IFP Advisors Inc now owns 830 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the period. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

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.