Fluor Co. (NYSE:FLR) Receives $54.71 Average PT from Analysts

Fluor Co. (NYSE:FLR - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $54.71.

Several brokerages have issued reports on FLR. DA Davidson cut their price target on Fluor from $65.00 to $55.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Barclays set a $40.00 price target on Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Robert W. Baird decreased their target price on Fluor from $58.00 to $46.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. StockNews.com cut Fluor from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Finally, KeyCorp lifted their price objective on Fluor from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in Fluor by 42.1% in the 3rd quarter. Principal Financial Group Inc. now owns 860,964 shares of the construction company's stock valued at $41,077,000 after buying an additional 254,904 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in Fluor by 4.7% during the third quarter. Crossmark Global Holdings Inc. now owns 8,510 shares of the construction company's stock worth $406,000 after buying an additional 381 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock worth $819,000 after acquiring an additional 9,992 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of Fluor by 5.9% in the third quarter. Wolverine Asset Management LLC now owns 9,000 shares of the construction company's stock valued at $429,000 after buying an additional 500 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of Fluor in the third quarter valued at approximately $1,069,000. Institutional investors and hedge funds own 88.07% of the company's stock.

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Fluor Stock Up 5.4 %

Shares of NYSE:FLR traded up $1.90 during trading on Tuesday, hitting $36.84. 2,861,363 shares of the company were exchanged, compared to its average volume of 3,304,636. 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 market cap of $6.22 billion, a price-to-earnings ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.73. Fluor has a fifty-two week low of $34.01 and a fifty-two week high of $60.10. The firm has a fifty day moving average price of $44.41 and a two-hundred day moving average price of $48.76.

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

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.