Fluor Corporation (NYSE:FLR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Fluor Corporation (NYSE:FLR) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.3333.

Several analysts have recently weighed in on FLR shares. UBS Group restated a “buy” rating and set a $57.00 price objective on shares of Fluor in a research report on Thursday, February 19th. DA Davidson boosted their price objective on shares of Fluor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Robert W. Baird increased their price target on shares of Fluor from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th.

Fluor Trading Up 1.8%

NYSE FLR opened at $50.23 on Thursday. The stock has a market capitalization of $7.02 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25. 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 firm has a 50 day moving average of $47.48 and a two-hundred day moving average of $45.73.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.52). The company had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. As a group, research analysts expect that Fluor will post 2.69 EPS for the current fiscal year.

Institutional Trading of Fluor

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its stake in Fluor by 91.7% during the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock worth $26,000 after purchasing an additional 311 shares during the period. Assetmark Inc. grew its position in 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 buying an additional 483 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Fluor during the 4th quarter worth $27,000. Larson Financial Group LLC raised its position in Fluor by 6,116.7% during the 3rd quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock worth $31,000 after buying an additional 734 shares during the last quarter. Finally, Banque Transatlantique SA raised its position in Fluor by 312.5% during the 2nd quarter. Banque Transatlantique SA now owns 825 shares of the construction company’s stock worth $43,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Company Profile

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.