Fluor Co. (NEW) Price Target Cut to $96.00 (FLR)
Research analysts at Credit Suisse reduced their target price on shares of Fluor Co. (NEW) (NYSE:FLR) from $98.00 to $96.00 in a report released on Friday, Stock Ratings News reports. Credit Suisse’s price target points to a potential upside of 27.24% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Cowen and Company initiated coverage on shares of Fluor Co. (NEW) in a research note on Monday, March 17th. They set an “outperform” rating and a $90.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Friday, February 21st. They now have a $84.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.07.
Shares of Fluor Co. (NYSE:FLR) opened at 75.45 on Friday. Fluor Co. has a 52-week low of $57.50 and a 52-week high of $83.93. The stock’s 50-day moving average is $76.31 and its 200-day moving average is $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 declared a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors of record on Tuesday, June 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, May 30th.
Fluor Corporation (NYSE:FLR) is a holding company.
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