Fluor Co. (NEW) Price Target Cut to $93.00 by Analysts at Credit Suisse (FLR)
Equities research analysts at Credit Suisse reduced their price objective on shares of Fluor Co. (NEW) (NYSE:FLR) from $96.00 to $93.00 in a research note issued to investors on Friday. Credit Suisse’s price objective points to a potential upside of 26.96% from the stock’s previous close.
Shares of Fluor Co. (NYSE:FLR) traded up 0.52% on Friday, hitting $73.25. The stock had a trading volume of 2,257,475 shares. Fluor Co. has a 52 week low of $63.17 and a 52 week high of $83.93. The stock’s 50-day moving average is $76.95 and its 200-day moving average is $76.94. The company has a market cap of $11.657 billion and a P/E ratio of 18.40.
Fluor Co. (NEW) (NYSE:FLR) last released its earnings data on Thursday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.03. The company had revenue of $5.25 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the company posted $0.98 earnings per share. Fluor Co. (NEW)’s revenue was down 27.0% compared to the same quarter last year. Analysts expect that Fluor Co. will post $4.25 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Investors of record on Wednesday, September 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, August 29th.
Several other analysts have also recently commented on 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 $92.00 price target on the stock, down previously from $94.00. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Fluor Co. (NEW) in a research note on Tuesday, July 22nd. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Friday, July 4th. They now have a $83.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Fluor Co. (NEW) currently has a consensus rating of “Buy” and a consensus price target of $91.40.
Fluor Corporation (NYSE:FLR) is a holding company.
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