Fluor Corp.’s Neutral Rating Reaffirmed at DA Davidson (FLR)
Fluor Corp. (NYSE:FLR)‘s stock had its “neutral” rating reiterated by DA Davidson in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $90.00 target price on the stock, up from their previous target price of $75.00. DA Davidson’s price objective points to a potential upside of 12.32% from the company’s current price.
The analysts wrote, “Fluor reported fourth quarter earnings of $1.01 per share, in line with our estimate of $1.02. These results were up sharply from a loss of $0.03 in 2012, which included a variety of unusual net charges. For the full-year, total EPS reached a record level of $4.08 per share. Please see our recent variance report.”
Several other analysts have also recently commented on the stock. Analysts at Macquarie upgraded shares of Fluor Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Separately, analysts at Jefferies Group raised their price target on shares of Fluor Corp. from $90.00 to $95.00 in a research note on Wednesday. Finally, analysts at Stifel Nicolaus raised their price target on shares of Fluor Corp. from $90.00 to $93.00 in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Fluor Corp. presently has an average rating of “Buy” and a consensus target price of $85.15.
Fluor Corp. (NYSE:FLR) opened at 80.13 on Wednesday. Fluor Corp. has a 52 week low of $53.50 and a 52 week high of $83.93. The stock’s 50-day moving average is $78.50 and its 200-day moving average is $74.06. The company has a market cap of $13.089 billion and a P/E ratio of 26.40.
Fluor Corp. (NYSE:FLR) last announced its earnings results on Thursday, February 27th. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.04. The company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.79 billion. Analysts expect that Fluor Corp. will post $4.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Investors of record on Tuesday, March 4th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, February 28th. This is an increase from Fluor Corp.’s previous quarterly dividend of $0.16.
Fluor Corporation (NYSE:FLR) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.