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

Shares of Fluor Co. (NYSE:FLR) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research 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 brokers that have covered the stock in the last year is $49.43.

A number of brokerages have recently commented on FLR. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp decreased their price objective on Fluor from $54.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Truist Financial dropped their target price on Fluor from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday. DA Davidson decreased their price target on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research note on Wednesday, April 2nd.

Fluor Stock Up 12.6 %

Fluor stock opened at $34.75 on Friday. The stock has a 50-day simple moving average of $38.68 and a 200-day simple moving average of $47.21. The company has a market capitalization of $5.84 billion, a P/E ratio of 2.85, a PEG ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor has a fifty-two week low of $29.20 and a fifty-two week high of $60.10.

Fluor (NYSE:FLR) last announced its earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $4.42 billion. Equities research analysts expect that Fluor will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

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