Analysts Set Fluor Co. (NYSE:FLR) PT at $54.71

Fluor Co. (NYSE:FLR) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $54.71.

FLR has been the subject of several recent research reports. Truist Financial lowered their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Barclays set a $40.00 price target on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. DA Davidson lowered their price target on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, Robert W. Baird lowered their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th.

Hedge Funds Weigh In On Fluor

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc raised its position in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Fluor during the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC increased its position in shares of Fluor by 43.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after purchasing an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Fluor during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Performance

Shares of Fluor stock opened at $37.34 on Tuesday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $6.30 billion, a P/E ratio of 3.06, a P/E/G ratio of 1.36 and a beta of 1.73. The business has a fifty day simple moving average of $44.12 and a two-hundred day simple moving average of $48.66. Fluor has a 12 month low of $34.01 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts forecast that Fluor will post 2.5 earnings per share for the current fiscal year.

Fluor Company Profile

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.