Analysts at Barclays initiated coverage on shares of Fluor (NYSE:FLR) in a report released on Tuesday. The firm set an “equal weight” rating and a $54.00 price target on the construction company’s stock. Barclays’ target price would suggest a potential upside of 7.08% from the stock’s previous close.

Several other brokerages also recently commented on FLR. Zacks Investment Research raised Fluor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Fluor in a research report on Monday, November 6th. UBS upped their price objective on Fluor from $43.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Robert W. Baird upped their price objective on Fluor from $40.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Credit Suisse Group cut their price objective on Fluor from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $48.00.

Shares of Fluor (FLR) traded up $0.30 during trading on Tuesday, reaching $50.43. The company’s stock had a trading volume of 970,300 shares, compared to its average volume of 1,417,002. The company has a market cap of $7,011.95, a P/E ratio of 18.03, a PEG ratio of 3.49 and a beta of 1.46. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46. Fluor has a 12 month low of $37.03 and a 12 month high of $58.37.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fluor had a return on equity of 11.69% and a net margin of 1.03%. Fluor’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. equities analysts anticipate that Fluor will post 1.56 EPS for the current year.

In other news, insider Jose Luis M. Bustamante sold 2,750 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $48.63, for a total transaction of $133,732.50. Following the transaction, the insider now owns 38,757 shares of the company’s stock, valued at approximately $1,884,752.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David Thomas Seaton sold 40,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $47.57, for a total value of $1,902,800.00. Following the transaction, the chairman now directly owns 276,643 shares in the company, valued at approximately $13,159,907.51. The disclosure for this sale can be found here. Insiders have sold a total of 45,932 shares of company stock worth $2,191,092 in the last three months. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Balentine LLC boosted its position in Fluor by 99.1% during the third quarter. Balentine LLC now owns 2,799 shares of the construction company’s stock valued at $118,000 after purchasing an additional 1,393 shares in the last quarter. Captrust Financial Advisors bought a new stake in Fluor during the second quarter valued at about $169,000. Greenwood Capital Associates LLC boosted its position in Fluor by 10.5% during the second quarter. Greenwood Capital Associates LLC now owns 4,515 shares of the construction company’s stock valued at $207,000 after purchasing an additional 430 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in Fluor during the third quarter valued at about $226,000. Finally, Investment Counselors of Maryland LLC boosted its position in Fluor by 73.6% during the third quarter. Investment Counselors of Maryland LLC now owns 5,736 shares of the construction company’s stock valued at $241,000 after purchasing an additional 2,431 shares in the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/12/12/fluor-flr-now-covered-by-barclays.html.

About Fluor

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 (NYSE:FLR)

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