Brokerages Set Fluor Co. (NYSE:FLR) PT at $45.43

Shares of Fluor Co. (NYSE:FLR) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $45.43.

FLR has been the topic of several recent analyst reports. KeyCorp dropped their target price on Fluor from $54.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. UBS Group dropped their price objective on Fluor from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. DA Davidson reduced their target price on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Citigroup decreased their target price on shares of Fluor from $55.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Truist Financial increased their price target on shares of Fluor from $45.00 to $47.00 and gave the company a “buy” rating in a report on Monday, May 5th.

Fluor Price Performance

Shares of NYSE FLR opened at $43.60 on Friday. The stock has a fifty day moving average price of $35.87 and a 200 day moving average price of $43.59. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company has a market cap of $7.18 billion, a PE ratio of 3.58, a P/E/G ratio of 1.36 and a beta of 1.24.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.50 by $0.23. The company had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. Sell-side analysts forecast that Fluor will post 2.5 EPS for the current year.

Institutional Trading of Fluor

Several large investors have recently modified their holdings of FLR. Acadian Asset Management LLC purchased a new stake in Fluor in the 1st quarter valued at approximately $54,000. Intech Investment Management LLC lifted its position in shares of Fluor by 26.7% in the first quarter. Intech Investment Management LLC now owns 149,885 shares of the construction company’s stock valued at $5,369,000 after acquiring an additional 31,549 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Fluor by 140.6% during the first quarter. Bayforest Capital Ltd now owns 26,589 shares of the construction company’s stock valued at $952,000 after acquiring an additional 15,536 shares during the last quarter. Optimize Financial Inc purchased a new stake in Fluor during the 1st quarter worth about $215,000. Finally, Clearline Capital LP acquired a new position in Fluor in the 1st quarter valued at about $30,838,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.