Fluor Corp. (FLR) Given Consensus Rating of “Hold” by Brokerages
Fluor Corp. (NYSE:FLR) has earned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $52.69.
FLR has been the topic of several recent research reports. Zacks Investment Research lowered Fluor Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Credit Suisse Group AG set a $59.00 price target on Fluor Corp. and gave the stock a “buy” rating in a research report on Wednesday, August 31st. MKM Partners initiated coverage on Fluor Corp. in a research report on Wednesday, June 29th. They set a “neutral” rating and a $52.00 price target on the stock. Seaport Global Securities lowered Fluor Corp. from an “accumulate” rating to a “neutral” rating and reduced their price target for the stock from $53.00 to $50.00 in a research report on Friday, October 14th. Finally, DA Davidson reissued a “buy” rating on shares of Fluor Corp. in a research report on Friday, August 5th.
Shares of Fluor Corp. (NYSE:FLR) traded down 0.22% during trading on Wednesday, hitting $50.42. 377,931 shares of the stock were exchanged. The stock’s 50 day moving average price is $50.34 and its 200 day moving average price is $51.68. Fluor Corp. has a one year low of $39.48 and a one year high of $55.69. The stock has a market cap of $7.02 billion, a PE ratio of 22.06 and a beta of 1.74.
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Fluor Corp. (NYSE:FLR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.16. The firm earned $4.86 billion during the quarter, compared to analyst estimates of $4.73 billion. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities research analysts predict that Fluor Corp. will post $3.25 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 4th. Investors of record on Friday, September 2nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. Fluor Corp.’s payout ratio is currently 37.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fairpointe Capital LLC increased its position in shares of Fluor Corp. by 19.1% in the first quarter. Fairpointe Capital LLC now owns 22,450 shares of the company’s stock worth $1,206,000 after buying an additional 3,600 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Fluor Corp. by 90.4% in the first quarter. Riverhead Capital Management LLC now owns 459,761 shares of the company’s stock worth $24,691,000 after buying an additional 218,301 shares during the last quarter. AXA bought a new position in shares of Fluor Corp. during the first quarter worth approximately $344,000. Pictet Asset Management Ltd. increased its position in shares of Fluor Corp. by 0.7% in the first quarter. Pictet Asset Management Ltd. now owns 74,960 shares of the company’s stock worth $3,451,000 after buying an additional 500 shares during the last quarter. Finally, Optimum Investment Advisors bought a new position in shares of Fluor Corp. during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Fluor Corp. Company Profile
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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