Mizuho has revised its price target for Flowserve (FLS, Financial), lowering it from $70 to $58, while maintaining an Outperform rating on the stock. This adjustment comes as the firm tempers expectations for the electrical equipment and multi-industry sectors in anticipation of the upcoming earnings season. These changes reflect concerns over a slowdown in near-term demand and potential tariff effects on financial outcomes.
Despite first-quarter performance generally aligning with projections, investor attention is shifting due to recent significant developments. Mizuho highlights that the escalation of tariffs, especially those targeting China, could have a substantial impact. Although companies are preemptively adjusting prices to counteract these tariffs, Mizuho predicts some financial challenges that may not be fully offset.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Flowserve Corp (FLS, Financial) is $64.20 with a high estimate of $80.00 and a low estimate of $50.00. The average target implies an upside of 57.62% from the current price of $40.73. More detailed estimate data can be found on the Flowserve Corp (FLS) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Flowserve Corp's (FLS, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Flowserve Corp (FLS, Financial) in one year is $47.21, suggesting a upside of 15.91% from the current price of $40.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Flowserve Corp (FLS) Summary page.
