Fluor Co. (NEW) (NYSE:FLR) has earned an average recommendation of “Hold” from the fourteen analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $54.70.

Several research analysts recently issued reports on FLR shares. Citigroup Inc. reiterated a “buy” rating and set a $65.00 price target on shares of Fluor Co. (NEW) in a research report on Monday, March 13th. DA Davidson upgraded shares of Fluor Co. (NEW) from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Thursday, June 1st. Canaccord Genuity upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and reduced their price target for the stock from $57.00 to $55.00 in a research report on Monday, May 15th. Zacks Investment Research upgraded shares of Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, May 1st. Finally, Credit Suisse Group set a $59.00 price target on shares of Fluor Co. (NEW) and gave the stock a “hold” rating in a research report on Saturday, April 22nd.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/11/fluor-co-new-flr-receives-average-rating-of-hold-from-analysts.html.

Fluor Co. (NYSE FLR) traded down 0.22% during mid-day trading on Tuesday, hitting $45.27. 1,108,060 shares of the company were exchanged. Fluor Co. has a 12-month low of $43.65 and a 12-month high of $58.37. The stock’s 50 day moving average is $45.48 and its 200-day moving average is $51.53. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 26.79 and a beta of 1.40.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, May 4th. The construction company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Fluor Co. (NEW) had a net margin of 1.60% and a return on equity of 7.66%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.83 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts predict that Fluor Co. will post $2.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Friday, June 2nd were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.84 annualized dividend and a yield of 1.86%. Fluor Co. (NEW)’s dividend payout ratio is currently 50.00%.

Hedge funds have recently made changes to their positions in the company. RMB Capital Management LLC boosted its stake in shares of Fluor Co. (NEW) by 0.6% in the first quarter. RMB Capital Management LLC now owns 5,701 shares of the construction company’s stock valued at $300,000 after buying an additional 34 shares in the last quarter. Advantus Capital Management Inc boosted its stake in shares of Fluor Co. (NEW) by 0.6% in the first quarter. Advantus Capital Management Inc now owns 13,815 shares of the construction company’s stock valued at $727,000 after buying an additional 79 shares in the last quarter. Cadence Capital Management LLC boosted its stake in shares of Fluor Co. (NEW) by 2.4% in the first quarter. Cadence Capital Management LLC now owns 4,198 shares of the construction company’s stock valued at $221,000 after buying an additional 97 shares in the last quarter. Cullinan Associates Inc. boosted its stake in shares of Fluor Co. (NEW) by 0.3% in the first quarter. Cullinan Associates Inc. now owns 33,000 shares of the construction company’s stock valued at $1,736,000 after buying an additional 100 shares in the last quarter. Finally, Needelman Asset Management Inc. boosted its stake in shares of Fluor Co. (NEW) by 0.5% in the second quarter. Needelman Asset Management Inc. now owns 19,510 shares of the construction company’s stock valued at $893,000 after buying an additional 100 shares in the last quarter. 83.25% of the stock is owned by hedge funds and other institutional investors.

Fluor Co. (NEW) Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.