Robert W. Baird Boosts Fluor (NYSE:FLR) Price Target to $46.00

Fluor (NYSE:FLR) had its price objective boosted by Robert W. Baird from $42.00 to $46.00 in a research note issued to investors on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Truist Financial reissued a buy rating and issued a $46.00 target price on shares of Fluor in a research report on Monday, March 25th. Citigroup lifted their price target 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 report on Wednesday, February 21st. Finally, KeyCorp began coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a sector weight rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $44.00.

Fluor Price Performance

FLR opened at $38.33 on Monday. The company’s 50 day simple moving average is $39.89 and its 200 day simple moving average is $38.47. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.67. Fluor has a 1 year low of $25.69 and a 1 year high of $43.24. The stock has a market capitalization of $6.52 billion, a PE ratio of 22.28, a P/E/G ratio of 3.08 and a beta of 2.11.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the business posted $0.28 earnings per share. Fluor’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Fluor will post 2.84 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in shares of Fluor during the first quarter worth $28,000. GAMMA Investing LLC acquired a new position in shares of Fluor during the fourth quarter worth $27,000. BKM Wealth Management LLC acquired a new position in shares of Fluor during the fourth quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Fluor during the fourth quarter worth $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the fourth quarter worth $36,000. 88.07% of the stock is owned by institutional investors and hedge funds.

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.