Shares of Fluor Corporation (NYSE:FLR) have received a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.33.

A number of equities analysts have issued reports on FLR shares. Deutsche Bank AG lowered shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their price target for the stock from $55.00 to $40.00 in a research report on Friday, August 4th. Zacks Investment Research lowered shares of Fluor Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, June 12th. BidaskClub raised shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Credit Suisse Group reduced their price target on shares of Fluor Corporation from $69.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, May 15th. Finally, Canaccord Genuity raised shares of Fluor Corporation 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.

Institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC raised its position in Fluor Corporation by 2.4% in the second quarter. Lord Abbett & CO. LLC now owns 597,583 shares of the construction company’s stock valued at $27,357,000 after buying an additional 14,200 shares during the period. Sentry Investment Management LLC raised its position in Fluor Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 7,973 shares of the construction company’s stock valued at $365,000 after buying an additional 83 shares during the period. Toronto Dominion Bank raised its position in Fluor Corporation by 25.4% in the second quarter. Toronto Dominion Bank now owns 48,047 shares of the construction company’s stock valued at $2,199,000 after buying an additional 9,741 shares during the period. Advisory Services Network LLC raised its position in Fluor Corporation by 0.7% in the second quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock valued at $325,000 after buying an additional 50 shares during the period. Finally, Afam Capital Inc. raised its position in Fluor Corporation by 4.1% in the second quarter. Afam Capital Inc. now owns 83,630 shares of the construction company’s stock valued at $3,829,000 after buying an additional 3,260 shares during the period. 84.53% of the stock is owned by hedge funds and other institutional investors.

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Fluor Corporation (NYSE FLR) traded up 0.99% on Wednesday, hitting $38.63. 2,182,566 shares of the stock were exchanged. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 48.23 and a beta of 1.39. Fluor Corporation has a 12 month low of $37.04 and a 12 month high of $58.37. The company has a 50-day moving average of $42.04 and a 200-day moving average of $48.18.

Fluor Corporation (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The company had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the firm posted $0.72 EPS. Fluor Corporation’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts predict that Fluor Corporation will post $1.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.

Fluor Corporation 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 Corporation (NYSE:FLR)

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