Mizuho Issues Positive Forecast for Flowserve (NYSE:FLS) Stock Price

Flowserve (NYSE:FLS) had its target price lifted by equities research analysts at Mizuho from $74.00 to $91.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Mizuho’s price target would indicate a potential upside of 6.38% from the company’s previous close.

Other research analysts also recently issued research reports about the company. UBS Group boosted their price target on Flowserve from $65.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. TD Cowen reaffirmed a “buy” rating on shares of Flowserve in a research note on Tuesday, November 4th. Zacks Research cut shares of Flowserve from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Jefferies Financial Group upped their price objective on shares of Flowserve from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Flowserve in a research report on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Flowserve has a consensus rating of “Moderate Buy” and an average price target of $82.60.

Flowserve Price Performance

Shares of Flowserve stock opened at $85.54 on Monday. Flowserve has a 12 month low of $37.34 and a 12 month high of $86.29. 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 business’s 50-day moving average price is $73.90 and its 200-day moving average price is $63.26. The firm has a market capitalization of $10.87 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29.

Flowserve (NYSE:FLS) last announced its quarterly earnings data on Thursday, February 5th. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Flowserve had a net margin of 7.32% and a return on equity of 21.19%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Flowserve has set its FY 2026 guidance at 4.000-4.200 EPS. Sell-side analysts forecast that Flowserve will post 3.18 EPS for the current fiscal year.

Insider Activity

In related news, insider Lamar L. Duhon sold 1,609 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $69.51, for a total value of $111,841.59. Following the sale, the insider owned 15,116 shares in the company, valued at $1,050,713.16. This represents a 9.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Flowserve

Several large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new position in Flowserve in the 2nd quarter worth approximately $26,000. BOKF NA bought a new stake in shares of Flowserve in the 3rd quarter worth $28,000. IFP Advisors Inc raised its stake in shares of Flowserve by 1,289.6% in the second quarter. IFP Advisors Inc now owns 667 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 619 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Flowserve during the third quarter valued at $36,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Flowserve by 149.8% during the second quarter. Hantz Financial Services Inc. now owns 697 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Flowserve Company Profile

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.