Fluor Corporation (NYSE:FLR) Receives $53.33 Consensus PT from Analysts

Fluor Corporation (NYSE:FLRGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $54.50.

A number of equities research analysts have recently commented on FLR shares. Truist Financial raised their price target on Fluor from $57.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird increased their target price on Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Citigroup lowered their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, May 11th.

View Our Latest Stock Report on Fluor

Fluor Trading Down 0.1%

Shares of NYSE FLR opened at $49.38 on Monday. Fluor has a twelve month low of $37.62 and a twelve month high of $57.50. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 1.57 and a beta of 1.23. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average is $49.07 and its 200-day moving average is $47.04.

Fluor (NYSE:FLRGet Free Report) last issued its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.52). The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Equities research analysts predict that Fluor will post 2.63 EPS for the current year.

Institutional Trading of Fluor

Several hedge funds and other institutional investors have recently modified their holdings of FLR. Global Retirement Partners LLC grew its holdings in shares of Fluor by 91.7% during the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after buying an additional 311 shares in the last quarter. Assetmark Inc. lifted its stake in Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after acquiring an additional 483 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Fluor during the 4th quarter worth approximately $27,000. Larson Financial Group LLC grew its stake in shares of Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after acquiring an additional 734 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Fluor during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Fluor

(Get Free Report)

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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Analyst Recommendations for Fluor (NYSE:FLR)

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