Fluor Corp. Upgraded by Macquarie to Outperform (FLR)
Fluor Corp. (NYSE:FLR) was upgraded by stock analysts at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on FLR. 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. Separately, 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. Finally, analysts at Davidson raised their price target on shares of Fluor Corp. from $75.00 to $90.00 in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $84.00.
Shares of 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 price-to-earnings ratio of 26.40.
Fluor Corp. (NYSE:FLR) last announced its earnings results on Thursday, February 27th. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Fluor Corp. will post $4.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 2nd. Stockholders 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 a boost from Fluor Corp.’s previous quarterly dividend of $0.16.
Fluor Corporation (NYSE:FLR) is a holding company.
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