Mizuho Has Lowered Expectations for Flowserve (NYSE:FLS) Stock Price

Key Points

• Mizuho lowered Flowserve’s price target from $91 to $85 while maintaining an “outperform” rating, implying roughly 21% upside from the previous close.
• Analyst sentiment remains generally positive: six analysts rate the stock a Buy and five rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $85.40.
• Flowserve exceeded quarterly expectations with $0.95 EPS versus the $0.86 consensus and $1.17 billion in revenue, though revenue declined 1.6% year over year; the stock opened at $70.06, down 2%.

Flowserve (NYSE:FLS - Get Free Report) had its target price cut by Mizuho from $91.00 to $85.00 in a report released on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Mizuho's price target indicates a potential upside of 21.32% from the company's previous close.

FLS has been the topic of several other reports. The Goldman Sachs Group set a $82.00 target price on shares of Flowserve in a report on Thursday, July 30th. TD Cowen lowered shares of Flowserve from a "buy" rating to a "hold" rating and reduced their price target for the company from $85.00 to $70.00 in a report on Wednesday, June 24th. Robert W. Baird set a $93.00 price target on shares of Flowserve in a report on Friday, July 31st. Stifel Nicolaus upped their price target on shares of Flowserve from $92.00 to $94.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price objective on shares of Flowserve from $94.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.40.

Flowserve Trading Down 2.0%

NYSE FLS opened at $70.06 on Thursday. The stock has a market cap of $8.91 billion, a PE ratio of 24.58, a PEG ratio of 1.59 and a beta of 1.23. Flowserve has a 12 month low of $49.10 and a 12 month high of $92.41. The company's 50-day moving average price is $76.19 and its 200-day moving average price is $75.29. The company has a current ratio of 2.15, a quick ratio of 1.58 and a debt-to-equity ratio of 0.91.

Flowserve (NYSE:FLS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.09. The business had revenue of $1.17 billion for 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%. The business's revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. Equities research analysts forecast that Flowserve will post 4.10 earnings per share for the current year.

Institutional Investors Weigh In On Flowserve

A number of hedge funds have recently made changes to their positions in FLS. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Flowserve during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new position in Flowserve during the 2nd quarter valued at approximately $38,000. Keating Financial Advisory Services Inc. acquired a new position in Flowserve during the 2nd quarter valued at approximately $48,000. Trust Co. of Vermont acquired a new position in Flowserve during the 2nd quarter valued at approximately $67,000. Finally, Root Financial Partners LLC raised its holdings in shares of Flowserve by 96.7% in the first quarter. Root Financial Partners LLC now owns 944 shares of the industrial products company's stock worth $69,000 after buying an additional 464 shares during the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.