Fluor (NYSE:FLR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a report released on Tuesday.

Other analysts have also issued research reports about the stock. DA Davidson cut their target price on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Barclays set a $40.00 target price on Fluor and gave the stock an “equal weight” rating in a report on Thursday, February 27th. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. KeyCorp lifted their target price on shares of Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Citigroup decreased their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Price Performance

Shares of NYSE:FLR opened at $37.15 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 stock has a market capitalization of $6.24 billion, a PE ratio of 3.05, a PEG ratio of 1.36 and a beta of 1.73. The firm has a 50 day moving average of $42.33 and a 200-day moving average of $48.12. Fluor has a 12 month low of $34.01 and a 12 month high of $60.10.

Fluor (NYSE:FLR) last issued 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). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. On average, equities research analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLR. Vanguard Group Inc. raised its holdings in shares of Fluor by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock valued at $872,871,000 after purchasing an additional 168,822 shares during the period. Geode Capital Management LLC grew its stake in Fluor by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock valued at $190,953,000 after acquiring an additional 51,018 shares during the period. Alliancebernstein L.P. raised its position in shares of Fluor by 3.6% during the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock worth $152,596,000 after purchasing an additional 107,327 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Fluor by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock worth $124,087,000 after purchasing an additional 25,528 shares in the last quarter. Finally, Northern Trust Corp grew its position in Fluor by 12.9% in the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock valued at $117,971,000 after purchasing an additional 273,156 shares during the period. Institutional investors and hedge funds 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.