Fluor Co. (NEW) Receives Consensus Recommendation of “Buy” from Analysts (NYSE:FLR)
Shares of Fluor Co. (NEW) (NYSE:FLR) have been given a consensus rating of “Buy” by the nineteen analysts that are presently covering the stock, ARN reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $91.79.
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.
In other Fluor Co. (NEW) news, CEO David Thomas Seaton unloaded 92,384 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $74.14, for a total transaction of $6,849,349.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Fluor Co. (NYSE:FLR) opened at 73.93 on Thursday. 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 $75.01 and its 200-day moving average is $76.32. The company has a market cap of $11.645 billion and a price-to-earnings ratio of 21.36.
Fluor Co. (NEW) (NYSE:FLR) last announced its earnings results 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was down 27.0% on a year-over-year basis. 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. Shareholders 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 1.14%. The ex-dividend date is Friday, August 29th.
Fluor Corporation (NYSE:FLR) is a holding company.
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