Fluor Co. (NYSE:FLR) Given Consensus Rating of "Moderate Buy" by Analysts

Fluor Co. (NYSE:FLR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $54.71.

A number of research analysts recently weighed in on the company. Robert W. Baird reduced 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. StockNews.com lowered Fluor from a "buy" rating to a "hold" rating in a research report on Sunday, March 9th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Truist Financial dropped their target price on shares of Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, Citigroup lowered their price objective on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th.

Institutional Trading of Fluor

A number of hedge funds have recently bought and sold shares of FLR. Versant Capital Management Inc increased its position in shares of Fluor by 2,509.5% during 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 last quarter. Sterling Capital Management LLC increased its holdings 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 during the last quarter. Golden State Wealth Management LLC bought a new position in Fluor in the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC grew its position in shares of Fluor by 43.0% during the 4th 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 worth $57,000. Hedge funds and other institutional investors own 88.07% of the company's stock.

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Fluor Stock Up 5.4 %

FLR stock traded up $1.90 during midday trading on Tuesday, hitting $36.84. The stock had a trading volume of 2,861,363 shares, compared to its average volume of 3,304,636. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The firm has a market cap of $6.22 billion, a price-to-earnings ratio of 3.02, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The business has a 50-day moving average of $44.41 and a two-hundred day moving average of $48.75. Fluor has a 52-week low of $34.01 and a 52-week high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly 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). The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, equities research analysts forecast 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.