Fluor (NYSE:FLR) Price Target Lowered to $41.00 at KeyCorp

Fluor (NYSE:FLR - Free Report) had its target price decreased by KeyCorp from $54.00 to $41.00 in a research note released on Friday, Marketbeat.com reports. KeyCorp currently has an overweight rating on the construction company's stock.

Several other equities research analysts have also commented on the stock. Robert W. Baird decreased their price objective on shares of Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial lowered their target price on Fluor from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Baird R W cut Fluor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. StockNews.com upgraded Fluor from a "hold" rating to a "buy" rating in a research report on Wednesday, April 2nd. Finally, Barclays set a $40.00 price target on shares of Fluor and gave the stock an "equal weight" rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.43.

Remove Ads

Fluor Stock Performance

Shares of FLR traded up $2.17 during mid-day trading on Friday, hitting $33.03. 1,100,121 shares of the company's stock were exchanged, compared to its average volume of 3,116,474. The firm has a market capitalization of $5.55 billion, a P/E ratio of 2.76, a P/E/G ratio of 1.36 and a beta of 1.66. Fluor has a fifty-two week low of $29.20 and a fifty-two week high of $60.10. The business's 50 day moving average is $39.22 and its two-hundred day moving average is $47.38. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts expect that Fluor will post 2.5 earnings per share for the current year.

Institutional Investors Weigh In On Fluor

A number of institutional investors have recently added to or reduced their stakes in FLR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Fluor by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,517 shares of the construction company's stock worth $13,049,000 after purchasing an additional 7,242 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Fluor by 1.8% during the 3rd quarter. Captrust Financial Advisors now owns 18,666 shares of the construction company's stock valued at $891,000 after acquiring an additional 329 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Fluor during the 3rd quarter worth $1,161,000. Centiva Capital LP acquired a new stake in Fluor in the 3rd quarter valued at $426,000. Finally, HighTower Advisors LLC lifted its stake in shares of Fluor by 4.1% during the third quarter. HighTower Advisors LLC now owns 33,922 shares of the construction company's stock worth $1,618,000 after purchasing an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company's stock.

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.