Foster Wheeler AG Given Average Recommendation of “Hold” by Brokerages (NASDAQ:FWLT)
Shares of Foster Wheeler AG (NASDAQ:FWLT) have earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, AnalystRatings.Net reports. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.22.
Shares of Foster Wheeler AG (NASDAQ:FWLT) traded up 0.24% during mid-day trading on Monday, hitting $33.65. 8,746 shares of the company’s stock traded hands. Foster Wheeler AG has a one year low of $19.29 and a one year high of $34.00. The stock’s 50-day moving average is $32.40 and its 200-day moving average is $30.58. The company has a market cap of $3.333 billion and a price-to-earnings ratio of 34.86.
Foster Wheeler AG (NASDAQ:FWLT) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $851.37 million for the quarter, compared to the consensus estimate of $853.55 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Foster Wheeler AG will post $1.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FWLT shares. Analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler AG in a research note on Friday, April 11th. They now have a $36.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Foster Wheeler AG in a research note on Monday, March 17th. They set a “market perform” rating and a $31.00 price target on the stock. Finally, analysts at UBS AG raised their EPS on shares of Foster Wheeler AG in a research note on Friday, February 28th. They now have a “neutral” rating and a $33.00 price target on the stock.
Foster Wheeler AG (NASDAQ:FWLT) is a supplier of engineering, construction and project management contractor and power equipment.
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