Flowserve (NYSE:FLS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Flowserve (NYSE:FLS) had its price objective boosted by stock analysts at Stifel Nicolaus from $84.00 to $87.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 11.77% from the company’s current price.

A number of other analysts have also recently commented on the company. Citigroup upped their price target on Flowserve from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Zacks Research downgraded Flowserve from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. Bank of America reissued a “neutral” rating and issued a $73.00 target price (up from $60.00) on shares of Flowserve in a report on Friday, November 14th. UBS Group lifted their price target on shares of Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $83.00 price target on shares of Flowserve in a research report on Thursday, January 15th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.90.

Flowserve Stock Down 1.0%

Shares of FLS stock opened at $77.84 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.54 and a debt-to-equity ratio of 0.62. Flowserve has a 12 month low of $37.34 and a 12 month high of $78.80. The stock has a market cap of $9.89 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a 50 day simple moving average of $71.74 and a two-hundred day simple moving average of $61.42.

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

Insider Activity

In other news, insider Susan Claire Hudson sold 10,667 shares of the business’s 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 transaction, the insider owned 6,589 shares of the company’s stock, valued at approximately $461,295.89. The trade was a 61.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lamar L. Duhon sold 1,609 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $69.51, for a total transaction of $111,841.59. Following the transaction, the insider directly owned 15,116 shares of the company’s stock, valued at $1,050,713.16. The trade was a 9.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 59,276 shares of company stock worth $4,196,578 over the last quarter. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Flowserve

Several large investors have recently made changes to their positions in FLS. Janney Montgomery Scott LLC lifted its holdings in shares of Flowserve by 4.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 36,039 shares of the industrial products company’s stock worth $1,887,000 after acquiring an additional 1,667 shares during the last quarter. D.A. Davidson & CO. raised its position in Flowserve by 67.1% in the 3rd quarter. D.A. Davidson & CO. now owns 34,914 shares of the industrial products company’s stock worth $1,855,000 after purchasing an additional 14,025 shares during the period. Paradice Investment Management LLC purchased a new stake in Flowserve in the 3rd quarter worth about $17,970,000. Massachusetts Financial Services Co. MA lifted its stake in Flowserve by 104.4% in 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. Finally, Brian Low Financial Group LLC purchased a new position in shares of Flowserve during the third quarter valued at approximately $1,007,000. 93.93% of the stock is owned by institutional investors.

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.