Fluor (NYSE:FLR) Price Target Increased to $54.00 by Analysts at Robert W. Baird

Fluor (NYSE:FLR) had its target price lifted by Robert W. Baird from $46.00 to $54.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Truist Financial raised their price target on shares of Fluor from $47.00 to $54.00 and gave the company a buy rating in a report on Tuesday, July 2nd. Citigroup increased their target price on Fluor from $47.00 to $52.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Barclays upped their price target on shares of Fluor from $39.00 to $45.00 and gave the company an equal weight rating in a report on Thursday, July 18th. Finally, KeyCorp upgraded shares of Fluor from a sector weight rating to an overweight rating and set a $57.00 price objective on the stock in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Fluor has an average rating of Moderate Buy and a consensus target price of $52.00.

Fluor Trading Up 0.6 %

Shares of FLR stock traded up $0.29 during mid-day trading on Monday, reaching $46.51. The company’s stock had a trading volume of 1,357,142 shares, compared to its average volume of 1,584,729. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $7.96 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.55 and a beta of 1.99. The company’s 50 day simple moving average is $45.40 and its 200-day simple moving average is $41.53. Fluor has a 12-month low of $32.31 and a 12-month high of $51.64.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.17. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Fluor will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Fluor during the 4th quarter worth approximately $27,000. Rise Advisors LLC bought a new stake in Fluor in the first quarter valued at $28,000. ORG Partners LLC acquired a new position in shares of Fluor during the second quarter valued at $34,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Fluor in the 4th quarter worth about $36,000. Finally, Spire Wealth Management lifted its position in Fluor by 59.2% in the 4th quarter. Spire Wealth Management now owns 1,008 shares of the construction company’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds 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.