Fluor Corporation (NYSE:FLR) received a $53.00 target price from Citigroup Inc. in a research report issued on Friday. The firm presently has a “buy” rating on the construction company’s stock. Citigroup Inc.’s target price suggests a potential upside of 24.01% from the company’s current price.

FLR has been the subject of a number of other research reports. BidaskClub upgraded shares of Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. DA Davidson cut shares of Fluor Corporation from a “buy” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $48.00 in a research note on Friday, August 4th. KeyCorp restated a “buy” rating and set a $50.00 price target on shares of Fluor Corporation in a research note on Friday, September 22nd. Johnson Rice cut shares of Fluor Corporation from a “buy” rating to an “accumulate” rating and cut their price target for the stock from $62.00 to $48.00 in a research note on Monday, August 7th. Finally, Robert W. Baird restated a “hold” rating and set a $40.00 price target on shares of Fluor Corporation in a research note on Tuesday, September 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Fluor Corporation presently has an average rating of “Hold” and a consensus target price of $47.17.

Shares of Fluor Corporation (FLR) traded up 0.12% during mid-day trading on Friday, hitting $42.74. The stock had a trading volume of 836,846 shares. The firm has a 50 day moving average of $41.88 and a 200 day moving average of $44.07. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 53.36 and a beta of 1.40. Fluor Corporation has a one year low of $37.04 and a one year high of $58.37.

Fluor Corporation (NYSE:FLR) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.13. The firm had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. On average, analysts forecast that Fluor Corporation will post $1.49 earnings per share for the current year.

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Several large investors have recently bought and sold shares of FLR. CI Global Investments Inc. raised its stake in shares of Fluor Corporation by 66.8% in the second quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock valued at $216,165,000 after acquiring an additional 1,890,300 shares during the last quarter. Janus Henderson Group PLC raised its position in Fluor Corporation by 4,064.5% in the 2nd quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after purchasing an additional 564,113 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Fluor Corporation by 1,807.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock worth $26,482,000 after purchasing an additional 509,200 shares during the last quarter. BlackRock Inc. raised its position in Fluor Corporation by 4.7% in the 2nd quarter. BlackRock Inc. now owns 9,447,760 shares of the construction company’s stock worth $432,519,000 after purchasing an additional 422,641 shares during the last quarter. Finally, Holowesko Partners Ltd. raised its position in Fluor Corporation by 28.9% in the 2nd quarter. Holowesko Partners Ltd. now owns 1,798,000 shares of the construction company’s stock worth $82,312,000 after purchasing an additional 403,000 shares during the last quarter. Institutional investors own 84.74% of the company’s stock.

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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