Royal Bank Of Canada Issues Pessimistic Forecast for Flowserve (NYSE:FLS) Stock Price

Key Points

• Royal Bank of Canada cut its price target on Flowserve from $98 to $91 but maintained an "outperform" rating, implying roughly a 28.64% upside from the prior close.
• Shares fell about 3.9% to $70.74; Flowserve posted a slight EPS beat ($0.85 vs. $0.82) while revenue missed and was down 6.7% year-over-year, and the company set FY2026 guidance of $4.00–$4.20 EPS.
• The Street's consensus is a "Moderate Buy" with an average price target of $87.70 (seven Buys, four Holds), and institutional investors own roughly 93.93% of the stock with several funds increasing positions.

Flowserve (NYSE:FLS - Get Free Report) had its price target cut by research analysts at Royal Bank Of Canada from $98.00 to $91.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's target price indicates a potential upside of 28.64% from the stock's previous close.

Several other research analysts have also commented on FLS. Citigroup reiterated a "buy" rating on shares of Flowserve in a research report on Thursday. TD Cowen restated a "buy" rating on shares of Flowserve in a research report on Thursday, February 19th. Weiss Ratings lowered Flowserve from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, February 18th. Stifel Nicolaus set a $92.00 target price on Flowserve in a research report on Friday. Finally, Jefferies Financial Group restated a "buy" rating and set a $90.00 target price (down from $100.00) on shares of Flowserve in a research report on Tuesday, March 31st. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.70.

Flowserve Trading Down 3.9%

FLS traded down $2.90 on Friday, hitting $70.74. The company had a trading volume of 2,000,098 shares, compared to its average volume of 1,826,971. The company has a market cap of $9.04 billion, a PE ratio of 26.24, a PEG ratio of 1.88 and a beta of 1.33. Flowserve has a 12-month low of $45.11 and a 12-month high of $92.41. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.68. The business's fifty day simple moving average is $79.96 and its 200 day simple moving average is $74.22.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.17 billion. Flowserve had a return on equity of 21.45% and a net margin of 7.61%.The firm's revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Equities research analysts expect that Flowserve will post 4.09 EPS for the current year.

Institutional Trading of Flowserve

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC raised its stake in shares of Flowserve by 983.2% during the first quarter. Hsbc Holdings PLC now owns 57,432 shares of the industrial products company's stock valued at $4,184,000 after acquiring an additional 52,130 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Flowserve by 45.0% during the first quarter. Kestra Advisory Services LLC now owns 2,979 shares of the industrial products company's stock valued at $219,000 after acquiring an additional 925 shares in the last quarter. Granite Investment Partners LLC bought a new stake in shares of Flowserve during the first quarter valued at approximately $314,000. Oregon Public Employees Retirement Fund raised its stake in shares of Flowserve by 2.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 26,080 shares of the industrial products company's stock valued at $1,917,000 after acquiring an additional 700 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Flowserve during the first quarter valued at approximately $22,070,000. Institutional investors own 93.93% of the company's stock.

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.

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