Fluor Corp. PT Raised to $90.00 at Jefferies Group (FLR)
Stock analysts at Jefferies Group increased their price objective on shares of Fluor Corp. (NYSE:FLR) from $86.00 to $90.00 in a report issued on Tuesday, American Banking & Market News reports. Jefferies Group’s target price suggests a potential upside of 13.24% from the company’s current price.
Shares of Fluor Corp. (NYSE:FLR) traded up 1.85% on Tuesday, hitting $79.48. The stock had a trading volume of 1,989,848 shares. Fluor Corp. has a 1-year low of $53.50 and a 1-year high of $80.45. The stock has a 50-day moving average of $78.04 and a 200-day moving average of $70.99. The company has a market cap of $12.983 billion and a P/E ratio of 25.86.
Fluor Corp. (NYSE:FLR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Fluor Corp. will post $4.03 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on FLR. Analysts at Stephens initiated coverage on shares of Fluor Corp. in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fluor Corp. in a research note to investors on Thursday, December 5th. They now have a $81.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Fluor Corp. from $79.00 to $83.00 in a research note to investors on Monday, November 25th. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $82.62.
Fluor Corporation (NYSE:FLR) is a holding company.
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