Foster Wheeler AG Given Average Rating of “Hold” by Brokerages (NASDAQ:FWLT)
Shares of Foster Wheeler AG (NASDAQ:FWLT) have received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Analyst Ratings Net reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.39.
A number of research firms have recently commented on FWLT. Analysts at Zacks reiterated a “neutral” rating on shares of Foster Wheeler AG in a research note on Friday, June 13th. They now have a $36.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Foster Wheeler AG from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, analysts at Canaccord Genuity raised their price target on shares of Foster Wheeler AG from $32.00 to $34.50 in a research note on Monday, May 12th.
Foster Wheeler AG (NASDAQ:FWLT) opened at 34.05 on Friday. Foster Wheeler AG has a one year low of $20.20 and a one year high of $34.95. The stock’s 50-day moving average is $34.21 and its 200-day moving average is $32.68. The company has a market cap of $3.395 billion and a price-to-earnings ratio of 33.28.
Foster Wheeler AG (NASDAQ:FWLT) last announced its earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.19. The company had revenue of $733.70 million for the quarter, compared to the consensus estimate of $885.63 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that Foster Wheeler AG will post $1.81 earnings per share for the current fiscal year.
Foster Wheeler AG (NASDAQ:FWLT) is a supplier of engineering, construction and project management contractor and power equipment.
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