Royal Bank Of Canada Has Lowered Expectations for Flowserve (NYSE:FLS) Stock Price

Flowserve (NYSE:FLS) had its target price cut by equities research analysts at Royal Bank Of Canada from $94.00 to $88.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 24.12% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group set a $82.00 price target on shares of Flowserve in a research note on Thursday, July 30th. Robert W. Baird set a $93.00 price objective on Flowserve in a research note on Friday, July 31st. TD Cowen downgraded Flowserve from a “buy” rating to a “hold” rating and decreased their target price for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Weiss Ratings cut shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Finally, Stifel Nicolaus upped their price target on shares of Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Flowserve presently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Flowserve Stock Performance

NYSE:FLS opened at $70.90 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.15 and a quick ratio of 1.58. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The firm’s fifty day moving average price is $76.36 and its 200 day moving average price is $75.31. Flowserve has a 1-year low of $49.10 and a 1-year high of $92.41.

Flowserve (NYSE:FLS) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. Flowserve had a net margin of 8.01% and a return on equity of 21.42%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, sell-side analysts expect that Flowserve will post 4.10 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLS. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Flowserve during the 2nd quarter worth $34,000. Global Retirement Partners LLC acquired a new stake in shares of Flowserve in the second quarter valued at about $38,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Flowserve in the 2nd quarter valued at approximately $48,000. Trust Co. of Vermont bought a new position in shares of Flowserve in the 2nd quarter valued at about $67,000. Finally, Root Financial Partners LLC raised its stake in Flowserve by 96.7% in the first quarter. Root Financial Partners LLC now owns 944 shares of the industrial products company’s stock valued at $69,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of engineered flow-control products and services. The company designs and produces pumps, valves, mechanical seals, and related equipment used to move, control, and protect the flow of liquids and gases in industrial systems.

Its products and services support a range of industries, including oil and gas, chemical processing, power generation, water management, mining, and general industrial markets. Flowserve also provides aftermarket services such as maintenance, repair, replacement parts, equipment upgrades, and technical support to help customers maintain the performance and reliability of their flow-control systems.

Flowserve traces its corporate heritage to businesses with roots dating back to the late 18th century and has developed into an international company serving customers across North America, Europe, Asia, the Middle East, and other global markets.