Flowserve Corporation (NYSE:FLS) Stock Has Average Target Price of $86.60 According to Analysts

Flowserve Corporation (NYSE:FLS) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $86.60.

Several research firms recently issued reports on FLS. Stifel Nicolaus boosted their target price on shares of Flowserve from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price objective on shares of Flowserve from $91.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, July 31st. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and lowered their target price for the stock from $85.00 to $70.00 in a research note on Wednesday, June 24th. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Finally, Robert W. Baird set a $93.00 price target on Flowserve in a research note on Friday, July 31st.

Institutional Investors Weigh In On Flowserve

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Flowserve during the second quarter valued at $34,000. Global Retirement Partners LLC purchased a new stake in shares of Flowserve during the second quarter worth about $38,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Flowserve during the second quarter worth about $48,000. Measured Wealth Private Client Group LLC raised its position in shares of Flowserve by 31.5% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 880 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 211 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new position in Flowserve in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Stock Up 0.1%

Flowserve stock opened at $74.43 on Tuesday. The business’s 50-day moving average price is $76.83 and its 200 day moving average price is $75.43. The company has a quick ratio of 1.58, a current ratio of 2.15 and a debt-to-equity ratio of 0.91. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. Flowserve has a 52 week low of $48.71 and a 52 week high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%.Flowserve’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, sell-side analysts anticipate that Flowserve will post 4.1 earnings per share for the current year.

Flowserve Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Flowserve’s dividend payout ratio is presently 30.88%.

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.