Fluor Corporation (NYSE:FLR) had its target price lifted by equities research analysts at UBS Group AG (USA) from $43.00 to $46.00 in a research report issued on Friday, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the construction company’s stock. UBS Group AG (USA)’s target price suggests a potential downside of 1.84% from the stock’s previous close.

A number of other brokerages also recently weighed in on FLR. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a “buy” rating in a research note on Sunday, August 6th. Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 target price (down previously from $50.00) on shares of Fluor Corporation in a research note on Wednesday, October 11th. Deutsche Bank AG downgraded shares of Fluor Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Stephens reaffirmed an “overweight” rating and set a $50.00 target price (up previously from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. Finally, Credit Suisse Group cut their price target on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.85.

Shares of Fluor Corporation (FLR) traded up $2.92 during mid-day trading on Friday, hitting $46.86. 2,712,342 shares of the stock traded hands, compared to its average volume of 1,340,185. The stock has a market capitalization of $6.22 billion, a P/E ratio of 15.99, a P/E/G ratio of 3.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.50.

Fluor Corporation (NYSE:FLR) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.81%. The business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. analysts predict that Fluor Corporation will post 1.47 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in Fluor Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock worth $605,000 after purchasing an additional 43 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Fluor Corporation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock worth $475,000 after acquiring an additional 48 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 worth $325,000 after acquiring an additional 50 shares during the period. ING Groep NV raised its position in Fluor Corporation by 0.8% in the second quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock worth $328,000 after acquiring an additional 55 shares during the period. Finally, 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 worth $365,000 after acquiring an additional 83 shares during the period. Institutional investors own 84.41% of the company’s stock.

About Fluor Corporation

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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