Wall Street Zen Downgrades Flowserve (NYSE:FLS) to Buy

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

FLS has been the topic of several other research reports. Royal Bank Of Canada lifted their target price on Flowserve from $83.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Flowserve in a report on Monday, February 9th. Citigroup upped their target price on shares of Flowserve from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Bank of America reissued a “neutral” rating and set a $73.00 price target (up from $60.00) on shares of Flowserve in a research report on Friday, November 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and a consensus target price of $88.80.

Flowserve Price Performance

Shares of NYSE FLS opened at $88.90 on Friday. The company has a market capitalization of $11.31 billion, a PE ratio of 33.93, a P/E/G ratio of 1.96 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. Flowserve has a twelve month low of $37.34 and a twelve month high of $91.31. The firm has a fifty day simple moving average of $77.18 and a 200 day simple moving average of $65.60.

Flowserve (NYSE:FLS) last issued its quarterly earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share for the quarter, topping 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 period last year, the business posted $0.70 EPS. The business’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. On average, sell-side analysts forecast that Flowserve will post 3.18 EPS for the current year.

Institutional Trading of Flowserve

A number of large investors have recently modified their holdings of FLS. T. Rowe Price Investment Management Inc. increased its position in shares of Flowserve by 102.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,731,665 shares of the industrial products company’s stock worth $120,143,000 after purchasing an additional 877,327 shares during the last quarter. Invesco Ltd. grew its stake in Flowserve by 33.1% in the 4th quarter. Invesco Ltd. now owns 329,749 shares of the industrial products company’s stock worth $22,878,000 after buying an additional 81,996 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Flowserve by 38.9% in the 4th quarter. Corient Private Wealth LLC now owns 11,329 shares of the industrial products company’s stock worth $787,000 after buying an additional 3,171 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of Flowserve during the 4th quarter valued at $78,000. Finally, Vident Advisory LLC bought a new stake in shares of Flowserve during the 4th quarter worth $355,000. 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.