Foster Wheeler AG Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:FWLT)
Foster Wheeler AG (NASDAQ:FWLT) has been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, American Banking & Market News reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $32.14.
Foster Wheeler AG (NASDAQ:FWLT) traded down 0.22% on Friday, hitting $32.25. 31,892 shares of the company’s stock traded hands. Foster Wheeler AG has a one year low of $22.92 and a one year high of $34.95. The stock’s 50-day moving average is $33.18 and its 200-day moving average is $33.02. The company has a market cap of $3.227 billion and a P/E ratio of 27.79.
Foster Wheeler AG (NASDAQ:FWLT) last announced its 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 previous year, the company posted $0.54 earnings per share. On average, analysts predict that Foster Wheeler AG will post $1.84 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity cut their price target on shares of Foster Wheeler AG from $34.50 to $33.00 in a research note on Tuesday.
Foster Wheeler AG (NASDAQ:FWLT) is a supplier of engineering, construction and project management contractor and power equipment.
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