Fluor Co. (NEW) Given “Overweight” Rating at Barclays (FLR)
Fluor Co. (NEW) (NYSE:FLR)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Friday, American Banking & Market News reports. They currently have a $94.00 target price on the stock, down from their previous target price of $97.00. Barclays’ price target indicates a potential upside of 24.59% from the stock’s previous close.
FLR has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus cut their price target on shares of Fluor Co. (NEW) from $93.00 to $91.00 in a research note on Friday. Separately, analysts at Credit Suisse cut their price target on shares of Fluor Co. (NEW) from $98.00 to $96.00 in a research note on Friday. Finally, analysts at Credit Agricole reiterated a “buy” rating on shares of Fluor Co. (NEW) in a research note on Thursday, April 10th. They now have a $94.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Fluor Co. (NEW) currently has an average rating of “Buy” and a consensus target price of $89.07.
Fluor Co. (NYSE:FLR) opened at 75.45 on Friday. Fluor Co. has a one year low of $57.50 and a one year high of $83.93. The stock has a 50-day moving average of $76.31 and a 200-day moving average of $77.39. The company has a market cap of $12.098 billion and a price-to-earnings ratio of 18.61.
Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.97 by $0.05. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was down 25.1% on a year-over-year basis. Analysts expect that Fluor Co. will post $4.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, May 30th.
Fluor Corporation (NYSE:FLR) is a holding company.
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