Fluor Corp. PT Raised to $90.00 at Stifel Nicolaus (FLR)
Stifel Nicolaus lifted their price target on shares of Fluor Corp. (NYSE:FLR) from $74.00 to $90.00 in a research note issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 29.14% from the company’s current price.
The analysts wrote, “We are increasing our target price for FLR stock from $74 to $90/sh. We value FLR stock based on EV/Backlog as well as P/E, P/B, EV/Rev., EV/EBITDA and P/Rev in comparison to prior cycles. Our $90 target price is the average of the 6 approaches and represents 29% upside potential.”
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Fluor Corp. in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.46.
Shares of Fluor Corp. (NYSE:FLR) traded up 0.37% on Wednesday, hitting $69.95. The stock had a trading volume of 245,184 shares. 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 $11.404 billion and a price-to-earnings ratio of 24.62.
Fluor Corp. (NYSE:FLR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.98 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.95 earnings per share. Fluor Corp.’s revenue was up .9% compared to the same quarter last year. On average, analysts predict that Fluor Corp. will post $4.07 earnings per share for the current fiscal year.
Fluor Corporation (NYSE:FLR) is a holding company.
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