Foster Wheeler Now Covered by Analysts at Jefferies Group (FWLT)
Investment analysts at Jefferies Group initiated coverage on shares of Foster Wheeler (NASDAQ:FWLT) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
FWLT has been the subject of a number of other recent research reports. Analysts at Lazard Capital Markets raised their price target on shares of Foster Wheeler from $28.00 to $30.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler in a research note to investors on Monday, August 19th. They now have a $25.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Foster Wheeler from $27.00 to $29.00 in a research note to investors on Monday, August 12th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Foster Wheeler has a consensus rating of “Hold” and an average target price of $27.38.
Foster Wheeler (NASDAQ:FWLT) opened at 25.95 on Wednesday. Foster Wheeler has a one year low of $19.29 and a one year high of $27.13. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $22.94. The company has a market cap of $2.547 billion and a price-to-earnings ratio of 18.25.
Foster Wheeler (NASDAQ:FWLT) last released its earnings data on Thursday, August 8th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.20. The company had revenue of $863.41 million for the quarter, compared to the consensus estimate of $891.04 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that Foster Wheeler will post $1.59 EPS for the current fiscal year.
Foster Wheeler AG (NASDAQ:FWLT) operate through two business groups: the Global Engineering & Construction Group (Global E&C Group), and its Global Power Group.
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