Fluor Corp. Coverage Initiated by Analysts at Jefferies Group (FLR)
Analysts at Jefferies Group initiated coverage on shares of Fluor Corp. (NYSE:FLR) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on FLR. Analysts at DA Davidson downgraded shares of Fluor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $75.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Fluor Corp. from $74.00 to $80.00 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Finally, analysts at William Blair reiterated an “outperform” rating on shares of Fluor Corp. in a research note to investors on Thursday, September 12th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Fluor Corp. currently has an average rating of “Buy” and an average target price of $75.46.
Fluor Corp. (NYSE:FLR) opened at 69.69 on Wednesday. Fluor Corp. has a one year low of $51.09 and a one year high of $74.72. The stock has a 50-day moving average of $68.13 and a 200-day moving average of $63.2. The company has a market cap of $11.362 billion and a P/E ratio of 24.62.
Fluor Corp. (NYSE:FLR) last announced its earnings results on Thursday, August 1st. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.03. The company had revenue of $7.19 billion for the quarter, compared to the consensus estimate of $7.26 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis.
Fluor Corporation (NYSE:FLR) is a holding company.
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