Fluor Co. (NYSE:FLR) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat 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 1-year target price among brokerages that have issued ratings on the stock in the last year is $54.71.

A number of analysts have recently weighed in on the company. KeyCorp increased 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. Robert W. Baird cut their price target on shares of Fluor from $58.00 to $46.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Truist Financial lowered their price objective on shares of Fluor from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Citigroup cut their target price on Fluor from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, 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.

Institutional Investors Weigh In On Fluor

Several hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in Fluor during the fourth quarter valued at $484,000. Exchange Traded Concepts LLC lifted 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 acquiring an additional 32,472 shares during the period. Aequim Alternative Investments LP grew its holdings in Fluor by 6.0% in the third 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. Los Angeles Capital Management LLC increased its stake in shares of Fluor by 139.1% during the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company's stock valued at $819,000 after purchasing an additional 9,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Fluor by 27.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company's stock valued at $100,092,000 after purchasing an additional 457,220 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

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Fluor Price Performance

NYSE:FLR traded up $1.90 during mid-day trading on Tuesday, reaching $36.84. The stock had a trading volume of 2,861,363 shares, compared to its average volume of 3,304,349. Fluor has a one year low of $34.01 and a one year high of $60.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The firm has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $48.94. The stock has a market capitalization of $6.22 billion, a P/E ratio of 3.02, a P/E/G ratio of 1.36 and a beta of 1.73.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business 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, analysts expect that Fluor will post 2.5 earnings per share for the current 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.