Jefferies Financial Group Reaffirms “Buy” Rating for Flowserve (NYSE:FLS)

Flowserve (NYSE:FLS)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued on Tuesday,Benzinga reports. They currently have a $90.00 price target on the industrial products company’s stock, down from their prior price target of $100.00. Jefferies Financial Group’s price target would indicate a potential upside of 19.33% from the stock’s current price.

A number of other analysts have also recently issued reports on FLS. Wall Street Zen cut Flowserve from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 15th. Citigroup raised their price target on shares of Flowserve from $85.00 to $98.00 and gave the company a “buy” rating in a report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price target on shares of Flowserve in a research report on Monday, February 9th. Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 18th. Finally, Zacks Research raised shares of Flowserve from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.30.

Flowserve Trading Up 2.6%

FLS stock opened at $75.42 on Tuesday. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $80.64 and a 200-day simple moving average of $70.38. Flowserve has a 52 week low of $37.34 and a 52 week high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. On average, equities research analysts expect that Flowserve will post 3.18 EPS for the current year.

Institutional Trading of Flowserve

Several large investors have recently bought and sold shares of FLS. Massachusetts Financial Services Co. MA grew its holdings in Flowserve by 104.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,333,481 shares of the industrial products company’s stock valued at $230,281,000 after purchasing an additional 2,213,406 shares in the last quarter. UBS Group AG grew its stake in shares of Flowserve by 67.8% during the third quarter. UBS Group AG now owns 4,146,917 shares of the industrial products company’s stock valued at $220,367,000 after acquiring an additional 1,676,284 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Flowserve by 9.9% during the third quarter. AQR Capital Management LLC now owns 3,230,118 shares of the industrial products company’s stock valued at $171,648,000 after acquiring an additional 290,226 shares in the last quarter. Earnest Partners LLC increased its position in shares of Flowserve by 5.0% during the third quarter. Earnest Partners LLC now owns 2,885,879 shares of the industrial products company’s stock worth $153,356,000 after acquiring an additional 136,867 shares during the last quarter. Finally, Nuveen LLC increased its position in shares of Flowserve by 6.1% during the fourth quarter. Nuveen LLC now owns 2,777,288 shares of the industrial products company’s stock worth $192,688,000 after acquiring an additional 158,661 shares during the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

About Flowserve

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.