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Research analysts at Canaccord Genuity decreased their target price on shares of Foster Wheeler AG (NASDAQ:FWLT) from $34.50 to $33.00 in a report released on Tuesday. Canaccord Genuity’s price objective would suggest a potential upside of 1.66% from the stock’s previous close.

Shares of Foster Wheeler AG (NASDAQ:FWLT) opened at 32.46 on Tuesday. Foster Wheeler AG has a 52-week low of $22.92 and a 52-week high of $34.95. The stock has a 50-day moving average of $33.36 and a 200-day moving average of $32.99. The company has a market cap of $3.248 billion and a P/E ratio of 27.70.

Foster Wheeler AG (NASDAQ:FWLT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.39. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, analysts predict that Foster Wheeler AG will post $1.87 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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