Fluor Corporation (NYSE:FLR) Receives Average Rating of “Moderate Buy” from Analysts

Fluor Corporation (NYSE:FLR) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $53.3333.

Several analysts have recently weighed in on the company. Zacks Research downgraded Fluor from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Truist Financial restated a “buy” rating and set a $57.00 target price (down from $59.00) on shares of Fluor in a research note on Monday, May 11th. Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Robert W. Baird upped their target price on Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Citigroup cut their target price on Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, May 11th.

Hedge Funds Weigh In On Fluor

A number of institutional investors have recently made changes to their positions in FLR. Global Retirement Partners LLC raised its position in shares of Fluor by 91.7% in the 4th 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 in the last quarter. Assetmark Inc. raised its position in shares of Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after purchasing an additional 483 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Fluor in the 4th quarter valued at approximately $27,000. Larson Financial Group LLC increased its holdings in shares of Fluor by 6,116.7% in the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Fluor in the 4th quarter valued at approximately $35,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Fluor Stock Down 0.0%

Shares of NYSE:FLR opened at $53.62 on Monday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.36. Fluor has a 52-week low of $37.62 and a 52-week high of $57.50. The company has a 50 day moving average of $48.76 and a two-hundred day moving average of $46.81. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.52). Fluor had a net margin of 2.30% and a return on equity of 5.90%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business earned $0.73 EPS. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, analysts forecast that Fluor will post 2.64 earnings per share for the current fiscal year.

About Fluor

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.