Fluor Co. (NYSE:FLR) Receives $42.83 Consensus Target Price from Brokerages

Shares of Fluor Co. (NYSE:FLR) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $43.17.

Several research analysts recently issued reports on FLR shares. Citigroup increased their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday. TheStreet cut shares of Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. KeyCorp began coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, Truist Financial restated a “buy” rating and issued a $46.00 target price on shares of Fluor in a research note on Monday, March 25th.

Institutional Investors Weigh In On Fluor

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Fluor in the 4th quarter valued at about $27,000. Rise Advisors LLC bought a new position in Fluor during the 1st quarter worth approximately $28,000. BKM Wealth Management LLC bought a new position in Fluor in the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor in the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the fourth quarter worth $36,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Stock Performance

NYSE:FLR opened at $40.29 on Friday. The company has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $38.23. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 71.95, a price-to-earnings-growth ratio of 3.13 and a beta of 2.12. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.56. Fluor has a 52 week low of $25.69 and a 52 week high of $43.24.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Fluor’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities analysts anticipate that Fluor will post 2.84 earnings per share for the current fiscal year.

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.