Flowserve Corporation (NYSE:FLS) Stock Has Average Target Price of $85.40 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Eleven brokerages rate Flowserve a consensus “Moderate Buy,” with seven buys and four holds. The average 12-month price target is $85.40, above the stock’s reported $68.20 opening price.
• Recent earnings exceeded expectations: Flowserve reported quarterly EPS of $0.95 versus the $0.86 consensus estimate and revenue of $1.17 billion, although revenue declined 1.6% year over year. Analysts expect approximately $4.10 in EPS for the current fiscal year.
• Institutional ownership is substantial and the company pays a dividend: Institutional investors and hedge funds own 93.93% of Flowserve, while the quarterly dividend of $0.22 implies an annualized payout of $0.88 and a 1.3% yield.

Shares of Flowserve Corporation (NYSE:FLS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $85.40.

FLS has been the topic of a number of recent research reports. Robert W. Baird set a $93.00 target price on Flowserve in a report on Friday, July 31st. Stifel Nicolaus upped their target price on Flowserve from $92.00 to $94.00 and gave the company a "buy" rating in a report on Friday, July 31st. Weiss Ratings raised Flowserve from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. The Goldman Sachs Group set a $82.00 price target on Flowserve in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada dropped their price target on Flowserve from $94.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 14th.

Hedge Funds Weigh In On Flowserve

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Flowserve during the 2nd quarter valued at $999,631,000. PointState Capital LP bought a new stake in Flowserve in the 2nd quarter valued at $196,837,000. Bank of New York Mellon Corp acquired a new stake in Flowserve in the 2nd quarter worth $177,380,000. Bank of America Corp DE acquired a new stake in Flowserve in the 2nd quarter worth $144,400,000. Finally, William Blair Investment Management LLC acquired a new stake in Flowserve in the 2nd quarter worth $84,869,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Flowserve Trading Up 0.6%

Shares of NYSE:FLS opened at $68.20 on Friday. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.23. Flowserve has a 1-year low of $52.37 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 has a 50 day moving average price of $74.74 and a 200 day moving average price of $75.10.

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, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The firm's revenue was down 1.6% on a year-over-year basis. Flowserve has set its FY 2026 guidance at 4.050-4.200 EPS. On average, research analysts anticipate that Flowserve will post 4.10 EPS for the current fiscal year.

Flowserve Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a $0.22 dividend. The ex-dividend date was Friday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.3%. Flowserve's dividend payout ratio (DPR) is presently 30.88%.

Flowserve Company Profile

Flowserve Corporation is a global manufacturer of flow-control equipment and related services. The company designs, produces and services pumps, valves, mechanical seals and associated systems used to move, control and protect fluids in industrial processes.

Its products and services support applications across the energy, chemical and petrochemical, water, pharmaceutical, mining, power and general industrial markets. Flowserve also provides aftermarket services, including equipment repair, maintenance, upgrades and replacement parts, helping customers improve the reliability and efficiency of their operations.

Headquartered in Irving, Texas, Flowserve serves customers through manufacturing, sales and service operations in North America, Europe, Asia and other international markets.

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