Analysts Set Fluor Co. (NYSE:FLR) PT at $44.00

Fluor Co. (NYSE:FLRGet Free Report) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

FLR has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on shares of Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Citigroup upped their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Finally, Truist Financial reiterated a “buy” rating and set a $47.00 target price (up from $46.00) on shares of Fluor in a research report on Monday, May 6th.

Check Out Our Latest Research Report on FLR

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently made changes to their positions in FLR. Mirae Asset Global Investments Co. Ltd. increased its stake in Fluor by 0.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after buying an additional 286 shares during the last quarter. Lesa Sroufe & Co increased its position in Fluor by 0.6% in the 1st quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock valued at $2,154,000 after acquiring an additional 312 shares during the period. Cornercap Investment Counsel Inc. increased its position in Fluor by 2.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company’s stock valued at $550,000 after acquiring an additional 326 shares during the period. Parallel Advisors LLC increased its position in Fluor by 19.6% in the 4th quarter. Parallel Advisors LLC now owns 2,053 shares of the construction company’s stock valued at $80,000 after acquiring an additional 337 shares during the period. Finally, Spire Wealth Management increased its position in Fluor by 59.2% in the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after acquiring an additional 375 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Price Performance

Shares of NYSE:FLR opened at $44.36 on Friday. Fluor has a 12 month low of $27.95 and a 12 month high of $45.60. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 2.42 and a beta of 2.03. The stock’s 50 day moving average price is $41.02 and its 200 day moving average price is $39.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67.

Fluor (NYSE:FLRGet Free Report) last announced its earnings results on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.07). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $4 billion. Fluor had a return on equity of 24.98% and a net margin of 1.97%. Fluor’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts anticipate that Fluor will post 2.86 earnings per share for the current fiscal year.

Fluor Company Profile

(Get Free Report

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.

Further Reading

Analyst Recommendations for Fluor (NYSE:FLR)

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