Robert W. Baird Forecasts Strong Price Appreciation for Fluor (NYSE:FLR) Stock

Fluor (NYSE:FLRGet Free Report) had its price target boosted by equities research analysts at Robert W. Baird from $45.00 to $48.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s target price suggests a potential downside of 9.01% from the stock’s current price.

A number of other research firms have also recently commented on FLR. DA Davidson upped their target price on Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th. UBS Group decreased their target price on Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of Fluor from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. Finally, Truist Financial upped their target price on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Fluor currently has a consensus rating of “Hold” and a consensus target price of $51.71.

View Our Latest Stock Analysis on FLR

Fluor Price Performance

Fluor stock opened at $52.75 on Wednesday. The firm’s fifty day moving average is $44.36 and its 200 day moving average is $43.86. The company has a quick ratio of 1.45, a current ratio of 1.91 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.73 billion, a price-to-earnings ratio of -67.63, a PEG ratio of 7.37 and a beta of 1.37. Fluor has a 52-week low of $29.20 and a 52-week high of $57.50.

Fluor (NYSE:FLRGet Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $4.18 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Fluor had a positive return on equity of 7.96% and a negative net margin of 0.34%.The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts forecast that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Trading of Fluor

A number of hedge funds have recently bought and sold shares of the stock. MTM Investment Management LLC purchased a new position in shares of Fluor in the 2nd quarter valued at $26,000. Global Retirement Partners LLC grew its stake in Fluor by 91.7% in the fourth quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after purchasing an additional 311 shares during the last quarter. IFP Advisors Inc bought a new position in Fluor in the second quarter worth about $27,000. Assetmark Inc. lifted its position in shares of Fluor by 249.0% during the fourth quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Fluor in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Key Stories Impacting Fluor

Here are the key news stories impacting Fluor this week:

Fluor Company Profile

(Get Free Report)

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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Analyst Recommendations for Fluor (NYSE:FLR)

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