Fluor Co. (NYSE:FLR) Receives $42.83 Consensus Target Price from Analysts

Shares of Fluor Co. (NYSE:FLR) have been given a consensus rating of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $43.17.

Several analysts recently issued reports on FLR shares. Truist Financial restated a “buy” rating and set a $46.00 target price on shares of Fluor in a research report on Monday, March 25th. KeyCorp started coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Finally, Citigroup upped their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday.

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently added to or reduced their stakes in FLR. GAMMA Investing LLC bought a new position in shares of Fluor during the fourth quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in shares of Fluor during the first quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new position in shares of Fluor during the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fluor during the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Fluor during the fourth quarter valued at approximately $36,000. 88.07% of the stock is currently owned by institutional investors.

Fluor Stock Up 0.7 %

Shares of Fluor stock opened at $39.49 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $6.72 billion, a PE ratio of 70.52, a price-to-earnings-growth ratio of 3.11 and a beta of 2.12. Fluor has a 52-week low of $25.69 and a 52-week high of $43.24. The company has a 50-day simple moving average of $39.53 and a two-hundred day simple moving average of $38.19.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that Fluor will post 2.84 EPS for the current fiscal year.

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.