Fluor (NYSE:FLR) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other research analysts have also issued reports on the stock. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. DA Davidson decreased their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup reduced their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.71.

Fluor Trading Down 0.4 %

Shares of Fluor stock opened at $38.78 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor has a 52-week low of $34.01 and a 52-week high of $60.10. The company’s 50-day simple moving average is $42.81 and its 200-day simple moving average is $48.27.

Fluor (NYSE:FLR) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. As a group, equities research analysts anticipate that Fluor will post 2.5 earnings per share for the current year.

Institutional Trading of Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of FLR. Versant Capital Management Inc boosted its position in shares of Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares during the period. Sterling Capital Management LLC lifted its stake in Fluor by 196.2% during the fourth quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after buying an additional 408 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Fluor in the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock valued at $47,000 after acquiring an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Fluor in the 4th quarter valued at approximately $57,000. Institutional investors own 88.07% of the company’s stock.

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.