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The latest announcement is out from Flowserve ( (FLS) ).
On October 28, 2025, Flowserve Corporation announced its decision to divest its legacy asbestos liabilities by selling the associated company to Ajax HoldCo LLC, an affiliate of Acorn Investment Partners. This strategic move is expected to provide greater financial certainty for investors and allow Flowserve to focus on growth and value-enhancing opportunities. The divestiture is anticipated to close in the fourth quarter of 2025, with Flowserve contributing $199 million and the buyer contributing $20 million to capitalize the company. This transaction will remove the asbestos liabilities and related insurance assets from Flowserve’s balance sheet, enabling the company to concentrate on organic and inorganic investments to expand its market reach.
The most recent analyst rating on (FLS) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Flowserve stock, see the FLS Stock Forecast page.
Spark’s Take on FLS Stock
According to Spark, TipRanks’ AI Analyst, FLS is a Outperform.
Flowserve’s strong financial performance and positive earnings call sentiment are significant strengths, supporting a robust outlook. However, technical indicators suggest neutral momentum, and valuation metrics indicate the stock is fairly valued. Challenges related to the Mogas acquisition and merger termination present risks.
To see Spark’s full report on FLS stock, click here.
More about Flowserve
Flowserve Corporation is a leading provider of flow control products and services for global infrastructure markets.
Average Trading Volume: 2,111,010
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.98B
For an in-depth examination of FLS stock, go to TipRanks’ Overview page.