Fluor Co. (NYSE:FLR) Receives $51.57 Consensus Price Target from Analysts

Fluor Co. (NYSE:FLR) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $51.57.

FLR has been the subject of several analyst reports. Barclays set a $40.00 target price on shares of Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Citigroup dropped their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd. DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Fluor Trading Up 1.6 %

FLR opened at $31.52 on Friday. Fluor has a 12 month low of $29.20 and a 12 month high of $60.10. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $39.88 and a 200 day moving average of $47.62. The firm has a market cap of $5.30 billion, a P/E ratio of 2.59, a P/E/G ratio of 1.36 and a beta of 1.66.

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

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor in the fourth quarter valued at about $484,000. Exchange Traded Concepts LLC increased its position in Fluor by 291.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock valued at $2,151,000 after purchasing an additional 32,472 shares during the period. Quantbot Technologies LP bought a new stake in shares of Fluor in the 4th quarter valued at about $3,667,000. Aequim Alternative Investments LP lifted its position in shares of Fluor by 6.0% in the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after purchasing an additional 41,800 shares during the period. Finally, Cinctive Capital Management LP bought a new position in shares of Fluor during the fourth quarter valued at approximately $1,131,000. 88.07% of the stock is owned by institutional investors.

About Fluor

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.