Functional Brands closes $8 million private placement and completes Nasdaq listing
Investing.com - Stifel raised its price target on Flowserve Corp. (NYSE:FLS) to $84.00 from $66.00 on Thursday, while maintaining a Buy rating on the industrial equipment manufacturer’s stock. The new target represents potential upside from the current price of $67.84, with the stock already showing remarkable strength with a 53.66% price return over the past six months.
The price target increase follows Flowserve’s quarterly results, which showed revenue growth of 4% and earnings per share 12% above Stifel’s estimates. The company also reported bookings exceeding $1.2 billion and announced progress on its 80-20/simplification initiatives. Flowserve has demonstrated consistent profitability, with diluted EPS of $2.21 over the last twelve months and a healthy gross profit margin of 33.12%.
Flowserve disclosed the divestiture of its asbestos liability and implemented accelerated share repurchases totaling $200 million in the third quarter and October. The company additionally highlighted growth opportunities in the nuclear sector.
Flowserve shares jumped 31% following the announcement, compared to the Industrial Select Sector index’s 0.3% gain. Stifel noted this sharp increase might partly reflect a short squeeze in the stock.
Despite the significant price movement, Stifel indicates the stock trades at approximately 12 times estimated 2026 EBITDA and 18 times estimated 2026 earnings per share, which remains below both historical averages and peer valuations.
In other recent news, Flowserve Corporation reported its third-quarter 2025 earnings, exceeding analysts’ expectations with an adjusted earnings per share (EPS) of $0.90, while the forecast was $0.80. Revenue for the quarter met expectations at $1.21 billion. These results highlight Flowserve’s strong performance and reflect a positive response from investors. The company’s robust earnings have been a focal point for analysts and investors alike. The positive earnings report has sparked optimism about Flowserve’s future prospects. This development comes amidst a backdrop of various market activities and analyst evaluations. Flowserve’s recent financial results are a significant point of interest for stakeholders.
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