Fluor Co. (NYSE:FLR) Receives $54.71 Consensus Price Target from Brokerages

Fluor Co. (NYSE:FLR) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.71.

Several brokerages have commented on FLR. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. KeyCorp raised their price objective on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th.

Fluor Stock Performance

Fluor stock opened at $36.84 on Tuesday. 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 firm has a 50-day moving average of $44.41 and a 200-day moving average of $48.75. The firm has a market cap 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 has a 1-year low of $34.01 and a 1-year high of $60.10.

Fluor (NYSE:FLR) last posted 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). The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Sell-side analysts expect that Fluor will post 2.5 EPS for the current year.

Hedge Funds Weigh In On Fluor

A number of institutional investors and hedge funds have recently made changes to their positions in FLR. Versant Capital Management Inc increased its position in shares of Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after acquiring an additional 527 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of 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 acquiring an additional 408 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Fluor during the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC increased its position in shares of Fluor by 43.0% during the fourth 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 in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Fluor during the fourth quarter valued at approximately $57,000. Institutional investors own 88.07% of the company’s stock.

Fluor Company Profile

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.