Flowserve (NYSE:FLS) Stock Price Target Lowered at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Flowserve’s price target from $94 to $88 while maintaining an “outperform” rating, implying approximately 24% upside from the $70.90 share price.
• Analyst sentiment remains broadly positive, with six Buy ratings and five Holds; MarketBeat lists a “Moderate Buy” consensus and an average target price of $86.
• Flowserve beat quarterly earnings expectations, reporting $0.95 in EPS versus the $0.86 consensus, while revenue declined 1.6% year over year to $1.17 billion. Institutional investors own approximately 93.93% of the company’s shares.

Flowserve (NYSE:FLS - Get Free Report) had its price target lowered by stock analysts at Royal Bank Of Canada from $94.00 to $88.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 24.12% from the stock's current price.

Several other equities research analysts have also commented on FLS. Weiss Ratings lowered Flowserve from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, October 6th. Robert W. Baird set a $93.00 target price on shares of Flowserve in a research note on Friday, July 31st. TD Cowen cut 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 report on Wednesday, June 24th. The Goldman Sachs Group set a $82.00 price objective on Flowserve in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price target on Flowserve from $92.00 to $94.00 and gave the stock 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Flowserve Stock Performance

Shares of NYSE FLS opened at $70.90 on Wednesday. Flowserve has a 1 year low of $49.10 and a 1 year high of $92.41. 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 company's fifty day moving average price is $76.36 and its 200 day moving average price is $75.31. The company has a market capitalization of $9.01 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. Flowserve had a return on equity of 21.42% and a net margin of 8.01%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. Flowserve'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, research analysts predict that Flowserve will post 4.10 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FLS. BlackRock Inc. purchased a new position in Flowserve in the second quarter valued at $999,631,000. PointState Capital LP acquired a new stake in Flowserve during the 2nd quarter worth $196,837,000. Bank of New York Mellon Corp grew its holdings in shares of Flowserve by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 2,448,977 shares of the industrial products company's stock worth $180,024,000 after purchasing an additional 118,254 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Flowserve during the second quarter worth about $144,400,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Flowserve in the 2nd quarter valued at about $84,869,000. 93.93% of the stock is owned by institutional investors and hedge funds.

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.

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