Fluor Co. (NYSE:FLR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Fluor Co. (NYSE:FLRGet Free Report) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, 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 1 year price target among analysts that have covered the stock in the last year is $44.00.

A number of research firms have commented on FLR. Citigroup lifted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Truist Financial reissued a “buy” rating and set a $47.00 target price (up previously from $46.00) on shares of Fluor in a report on Monday, May 6th. TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Finally, Robert W. Baird raised their price objective on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th.

Get Our Latest Stock Report on Fluor

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in shares of Fluor in the 1st quarter valued at about $28,000. GAMMA Investing LLC purchased a new position in shares of Fluor during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new stake in shares of Fluor during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor in the fourth quarter worth $34,000. Finally, Tennessee Valley Asset Management Partners purchased a new position in Fluor during the fourth quarter valued at $36,000. 88.07% of the stock is owned by institutional investors.

Fluor Stock Down 0.0 %

Shares of NYSE:FLR opened at $38.75 on Wednesday. The company has a 50 day moving average of $40.06 and a 200-day moving average of $38.65. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 3.04 and a beta of 2.11. Fluor has a one year low of $25.69 and a one year high of $43.24. 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 issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts forecast that Fluor will post 2.86 earnings per share for the current 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.

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Analyst Recommendations for Fluor (NYSE:FLR)

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