Fluor Co. (NEW) Receives Average Rating of “Buy” from Analysts (NYSE:FLR)
Fluor Co. (NEW) (NYSE:FLR) has been given a consensus recommendation of “Buy” by the nineteen analysts that are covering the company, AnalystRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $91.79.
Fluor Co. (NYSE:FLR) opened at 74.29 on Thursday. Fluor Co. has a 1-year low of $63.17 and a 1-year high of $83.93. The stock’s 50-day moving average is $75.26 and its 200-day moving average is $76.33. The company has a market cap of $11.702 billion and a price-to-earnings ratio of 21.42.
Fluor Co. (NEW) (NYSE:FLR) last released its earnings data on Thursday, July 31st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Fluor Co. will post $4.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders 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 1.13%. The ex-dividend date is Friday, August 29th.
A number of research firms have recently commented on FLR. Analysts at DA Davidson reiterated a “neutral” rating on shares of Fluor Co. (NEW) in a research note on Tuesday, August 5th. They now have a $82.00 price target on the stock, down previously from $85.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Fluor Co. (NEW) in a research note on Friday, August 1st. They now have a $95.00 price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Fluor Co. (NEW) from $89.00 to $100.00 in a research note on Friday, August 1st.
Fluor Corporation (NYSE:FLR) is a holding company.
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