Fluor Co. (NEW) Price Target Lowered to $85.00 at Davidson (FLR)
Stock analysts at Davidson reduced their price target on shares of Fluor Co. (NEW) (NYSE:FLR) from $90.00 to $85.00 in a report issued on Friday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Davidson’s target price points to a potential upside of 12.66% from the stock’s previous close.
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 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.02 earnings per share. The company’s revenue for the quarter 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. Shareholders 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Fluor Co. (NEW) in a research note on Friday. They now have a $94.00 price target on the stock, down previously from $97.00. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Fluor Co. (NEW) currently has a consensus rating of “Buy” and a consensus target price of $89.07.
Fluor Corporation (NYSE:FLR) is a holding company.
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