Fluor Co. (NEW) PT Lowered to $91.00 (FLR)
Stock analysts at Stifel Nicolaus decreased their price objective on shares of Fluor Co. (NEW) (NYSE:FLR) from $93.00 to $91.00 in a report issued on Friday, StockRatingsNetwork.com reports. Stifel Nicolaus’ price target would suggest a potential upside of 20.61% from the company’s current price.
Shares of Fluor Co. (NYSE:FLR) opened at 75.45 on Friday. Fluor Co. has a 1-year low of $57.50 and a 1-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 announced its 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. On average, analysts predict that Fluor Co. will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 2nd. Investors 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.
A number of other firms have also recently commented on FLR. 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. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $89.07.
Fluor Corporation (NYSE:FLR) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.