Flowserve (NYSE:FLS) Given New $97.00 Price Target at Citigroup

Key Points

• Citigroup lowered its price target for Flowserve to $97 (from $98) but maintained a "buy" rating, implying roughly a 15.9% upside from the current share price.
• Analyst consensus is a Moderate Buy (1 Strong Buy, 8 Buy, 3 Hold) with a consensus price target of $89.20 while the stock trades around $83.69 (52‑week range $39.85–$92.41).
• Flowserve beat quarterly EPS estimates ($1.11 vs. $0.94) though revenue slightly missed, and issued FY2026 EPS guidance of $4.00–$4.20 versus analysts' near‑term estimate of about 3.18 EPS.

Flowserve (NYSE:FLS - Get Free Report) had its target price decreased by investment analysts at Citigroup from $98.00 to $97.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the industrial products company's stock. Citigroup's price objective would indicate a potential upside of 15.91% from the company's current price.

FLS has been the subject of a number of other reports. Zacks Research raised shares of Flowserve from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Flowserve from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 15th. Weiss Ratings downgraded Flowserve from a "buy (b-)" rating to a "hold (c)" rating in a report on Wednesday, February 18th. TD Cowen reiterated a "buy" rating on shares of Flowserve in a report on Thursday, February 19th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $88.00 price objective on shares of Flowserve in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.20.

Flowserve Stock Down 0.8%

Flowserve stock traded down $0.70 during trading on Monday, hitting $83.69. 524,276 shares of the company were exchanged, compared to its average volume of 1,597,460. Flowserve has a 52 week low of $39.85 and a 52 week high of $92.41. The business's 50 day moving average is $80.85 and its 200 day moving average is $71.60. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $10.69 billion, a P/E ratio of 31.94, a PEG ratio of 1.87 and a beta of 1.33.

Flowserve (NYSE:FLS - Get Free Report) last issued its earnings results on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.26 billion. Flowserve had a return on equity of 21.19% and a net margin of 7.32%.The business's revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Analysts predict that Flowserve will post 3.18 earnings per share for the current year.

Institutional Trading of Flowserve

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of Flowserve by 3.9% in the third quarter. EverSource Wealth Advisors LLC now owns 4,181 shares of the industrial products company's stock worth $222,000 after buying an additional 157 shares during the period. Parallel Advisors LLC raised its stake in shares of Flowserve by 20.1% in the third quarter. Parallel Advisors LLC now owns 968 shares of the industrial products company's stock worth $51,000 after buying an additional 162 shares during the period. IFP Advisors Inc raised its stake in shares of Flowserve by 24.4% in the third quarter. IFP Advisors Inc now owns 830 shares of the industrial products company's stock worth $46,000 after buying an additional 163 shares during the period. Inspire Advisors LLC raised its stake in shares of Flowserve by 3.7% in the fourth quarter. Inspire Advisors LLC now owns 4,667 shares of the industrial products company's stock worth $324,000 after buying an additional 165 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Flowserve by 8.1% in the fourth quarter. UMB Bank n.a. now owns 2,230 shares of the industrial products company's stock worth $155,000 after buying an additional 168 shares during the period. 93.93% of the stock is currently owned by institutional investors.

About Flowserve

Flowserve Corporation NYSE: FLS is a leading provider of fluid motion and control products and services. The company designs, manufactures and services engineered and industrial pumps, mechanical seals, valves and related flow management equipment. Flowserve's offerings are utilized across a broad spectrum of end markets, including oil and gas, power generation, chemical processing, water management, pharmaceutical and semiconductor manufacturing, as well as mining and general industrial applications.

Flowserve's product portfolio encompasses a wide range of centrifugal and positive displacement pumps, high-performance control valves, butterfly and ball valves, as well as mechanical seals and seal support systems.

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.