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

Flowserve (NYSE:FLS) had its price objective lifted by Royal Bank Of Canada from $88.00 to $98.00 in a research note released on Friday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective 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. Weiss Ratings upgraded Flowserve from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Mizuho dropped their target price on Flowserve from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Robert W. Baird set a $93.00 price target on Flowserve in a research note on Friday, July 31st. Finally, The Goldman Sachs Group set a $82.00 price target on Flowserve in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Flowserve Trading Down 1.5%

FLS opened at $79.17 on Friday. Flowserve has a 1-year low of $63.27 and a 1-year high of $92.41. The stock has a market capitalization of $10.04 billion, a PE ratio of 39.78, a PEG ratio of 1.78 and a beta of 1.23. The company has a current ratio of 2.10, a quick ratio of 1.58 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $74.30 and a two-hundred day moving average price of $76.42.

Flowserve (NYSE:FLS) last announced its earnings results on Wednesday, October 28th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Flowserve had a net margin of 5.42% and a return on equity of 22.14%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business earned $0.90 earnings per share. Flowserve’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Flowserve will post 4.12 earnings per share for the current fiscal year.

Flowserve Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Friday, September 25th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, September 25th. Flowserve’s payout ratio is 44.22%.

Hedge Funds Weigh In On Flowserve

A number of hedge funds and other institutional investors have recently bought and sold shares of FLS. NorthCrest Asset Manangement LLC increased its position in Flowserve by 4.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,225 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 142 shares in the last quarter. Marathon Mission Inc. boosted its position in Flowserve by 1.7% in the third quarter. Marathon Mission Inc. now owns 9,864 shares of the industrial products company’s stock valued at $721,000 after buying an additional 165 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Flowserve by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 34,401 shares of the industrial products company’s stock valued at $2,523,000 after buying an additional 167 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Flowserve by 5.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 3,531 shares of the industrial products company’s stock worth $258,000 after buying an additional 170 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Flowserve by 3.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,682 shares of the industrial products company’s stock worth $347,000 after buying an additional 176 shares during the last quarter. 93.93% of the stock is owned by institutional investors.

Key Headlines Impacting Flowserve

Here are the key news stories impacting Flowserve this week:

• Positive Sentiment: Analysts raised their targets and ratings. Citigroup increased its price target from $92 to $93 and assigned a “buy” rating, while Royal Bank of Canada raised its target from $88 to $98 and upgraded the stock to “outperform.” The new targets imply approximately 17.5% to 23.8% potential upside from the referenced share price. Citigroup Flowserve rating Royal Bank of Canada Flowserve rating
• Positive Sentiment: Third-quarter earnings exceeded expectations. Flowserve reported adjusted earnings of $1.07 per share, above the $0.98 analyst consensus and up from $0.90 a year earlier. Revenue was approximately $1.24 billion, in line with estimates and 5.4% higher year over year, while the company delivered its fifth consecutive earnings beat. Flowserve third-quarter earnings
• Neutral Sentiment: Full-year 2026 guidance was updated. Flowserve now expects EPS of $4.10 to $4.20, modestly above the $4.10 consensus at the midpoint. Revenue guidance of $4.8 billion to $4.9 billion reaches the $4.9 billion consensus only at the high end, indicating limited room for upside on sales. Flowserve revised 2026 guidance
• Negative Sentiment: Valuation and guidance caution may weigh on the stock. With a reported price-to-earnings ratio near 40, investors may require stronger revenue growth or additional guidance increases to justify further gains. The possibility that full-year revenue lands below the consensus estimate appears to have offset the earnings beat and bullish analyst actions.

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.