Fluor Co. (NEW)’s Overweight Rating Reaffirmed at Barclays (FLR)
Fluor Co. (NEW) (NYSE:FLR)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Friday. They currently have a $92.00 price objective on the stock, down from their previous price objective of $94.00. Barclays’ target price would indicate a potential upside of 26.25% from the company’s current price.
Shares of Fluor Co. (NYSE:FLR) traded up 0.52% on Friday, hitting $73.25. 1,674,113 shares of the company’s stock traded hands. Fluor Co. has a 52 week low of $63.17 and a 52 week high of $83.93. The stock has a 50-day moving average of $77.07 and a 200-day moving average of $76.97. 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 (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was down 27.0% on a year-over-year basis. On average, analysts predict that Fluor Co. will post $4.25 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 2nd. Investors of record on Wednesday, September 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 1.15%.
A number of other analysts have also recently weighed in on FLR. 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. Separately, 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. Finally, analysts at Global Hunter Securities initiated coverage on shares of Fluor Co. (NEW) in a research note on Thursday, June 19th. They set an “accumulate” rating and a $87.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $90.87.
Fluor Corporation (NYSE:FLR) is a holding company.
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