Flowserve (NYSE:FLS) Price Target Cut to $85.00 by Analysts at Mizuho

Flowserve (NYSE:FLS) had its price objective lowered by Mizuho from $91.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target would indicate a potential upside of 21.32% from the company’s previous close.

A number of other equities research analysts also recently commented on FLS. Stifel Nicolaus lifted their target price on Flowserve from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings downgraded shares of Flowserve from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. TD Cowen lowered shares of Flowserve from a “buy” rating to a “hold” rating and reduced their price target for the stock from $85.00 to $70.00 in a research report on Wednesday, June 24th. Robert W. Baird set a $93.00 price target on shares of Flowserve in a research report on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 price objective on shares of Flowserve in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Flowserve currently has an average rating of “Moderate Buy” and an average target price of $85.40.

Flowserve Stock Performance

Shares of FLS opened at $70.06 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.58 and a current ratio of 2.15. The stock has a 50-day moving average of $76.19 and a two-hundred day moving average of $75.29. The stock has a market cap of $8.91 billion, a P/E ratio of 24.58, a P/E/G ratio of 1.59 and a beta of 1.23. Flowserve has a one year low of $49.10 and a one year high of $92.41.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Flowserve had a return on equity of 21.42% and a net margin of 8.01%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. As a group, research analysts predict that Flowserve will post 4.10 EPS for the current year.

Hedge Funds Weigh In On Flowserve

Institutional investors have recently modified their holdings of the stock. ABLE Financial Group LLC lifted its holdings in shares of Flowserve by 7.3% in the 3rd quarter. ABLE Financial Group LLC now owns 22,368 shares of the industrial products company’s stock valued at $1,636,000 after buying an additional 1,525 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in Flowserve by 4.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,225 shares of the industrial products company’s stock worth $225,000 after acquiring an additional 142 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Flowserve by 5.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,531 shares of the industrial products company’s stock worth $258,000 after acquiring an additional 170 shares during the period. GAMMA Investing LLC grew its holdings in Flowserve by 17.4% during the third quarter. GAMMA Investing LLC now owns 3,257 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 482 shares during the period. Finally, Toth Financial Advisory Corp raised its position in Flowserve by 30.9% during the third quarter. Toth Financial Advisory Corp now owns 1,165 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors 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.