Foster Wheeler AG Receives Average Rating of “Hold” from Analysts (NASDAQ:FWLT)
Foster Wheeler AG (NASDAQ:FWLT) has received an average recommendation of “Hold” from the eleven analysts that are covering the stock, AnalystRatings.Net reports. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $32.14.
Shares of Foster Wheeler AG (NASDAQ:FWLT) opened at 32.65 on Friday. 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 $33.10 and a 200-day moving average of $33.10. The company has a market cap of $3.268 billion and a price-to-earnings ratio of 27.82.
Foster Wheeler AG (NASDAQ:FWLT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.39. During the same quarter last year, the company posted $0.54 earnings per share. Analysts expect that Foster Wheeler AG will post $1.84 EPS 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, August 19th.
Foster Wheeler AG (NASDAQ:FWLT) is a supplier of engineering, construction and project management contractor and power equipment.
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