Fluor (NYSE:FLR – Get Free Report) had its price objective dropped by Robert W. Baird from $64.00 to $56.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Robert W. Baird‘s price objective points to a potential upside of 20.96% from the stock’s previous close.
Several other analysts have also issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $71.00 target price (up from $64.00) on shares of Fluor in a research report on Monday, August 10th. UBS Group upped their price target on shares of Fluor from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Fluor in a research note on Friday, October 23rd. Zacks Research upgraded Fluor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Barclays lifted their price objective on Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.83.
Check Out Our Latest Stock Report on Fluor
Fluor Trading Down 0.4%
Shares of NYSE:FLR opened at $46.30 on Monday. Fluor has a 1 year low of $39.33 and a 1 year high of $58.35. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -6.79, a price-to-earnings-growth ratio of 0.96 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.83 and a quick ratio of 1.80. The business’s 50 day moving average price is $50.43 and its 200-day moving average price is $49.34.
Fluor (NYSE:FLR – Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The construction company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.03). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $4.16 billion. Fluor had a positive return on equity of 10.52% and a negative net margin of 7.19%. Fluor’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. On average, equities research analysts forecast that Fluor will post 2.69 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Fluor
Large investors have recently modified their holdings of the business. Maverick Capital Ltd. acquired a new stake in shares of Fluor during the 1st quarter worth about $66,036,000. Fisher Asset Management LLC lifted its position in Fluor by 209.9% in the third quarter. Fisher Asset Management LLC now owns 1,728,795 shares of the construction company’s stock valued at $82,775,000 after buying an additional 1,170,945 shares during the last quarter. Troluce Capital Advisors LLC acquired a new position in Fluor in the first quarter valued at about $18,660,000. Moore Capital Management LP boosted its stake in Fluor by 220.0% during the second quarter. Moore Capital Management LP now owns 520,000 shares of the construction company’s stock worth $27,243,000 after buying an additional 357,521 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Fluor by 59.8% during the third quarter. Russell Investments Group Ltd. now owns 751,259 shares of the construction company’s stock worth $35,978,000 after buying an additional 281,049 shares during the period. Institutional investors and hedge funds own 88.07% of the company’s stock.
Fluor Company Profile
Fluor Corporation is a global engineering and construction company that provides engineering, procurement, construction, maintenance and project-management services. It works with clients to plan and deliver complex projects, and also provides services for facility operations, upgrades and decommissioning.
The company serves customers in sectors including energy, chemicals, mining and metals, infrastructure, advanced technologies and life sciences. Through its government-focused work, Fluor also supports federal agencies and government programs, including projects involving environmental remediation and national security.
Founded in 1912, Fluor is headquartered in Irving, Texas, and undertakes projects in the United States and internationally.
Read More
- Five stocks we like better than Fluor
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
- After the Midterms, Which of These 3 Defense ETFs Looks Strongest?
Receive News & Ratings for Fluor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor and related companies with MarketBeat.com's FREE daily email newsletter.
