Fluor Co. (NEW) (NYSE:FLR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fluor Co. (NEW) (NYSE:FLR) have been given a consensus recommendation of “Hold” by the sixteen analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $34.45.

A number of research analysts have recently commented on FLR shares. Credit Suisse Group dropped their price target on Fluor Co. (NEW) from $41.00 to $31.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Canaccord Genuity upgraded Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, August 22nd. KeyCorp reiterated a “hold” rating on shares of Fluor Co. (NEW) in a research note on Friday, August 2nd. ValuEngine upgraded Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a report on Thursday, June 13th. Finally, TheStreet downgraded Fluor Co. (NEW) from a “c” rating to a “d+” rating in a report on Friday, August 2nd.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in shares of Fluor Co. (NEW) by 31.3% in the 2nd quarter. BlackRock Inc. now owns 14,151,867 shares of the construction company’s stock valued at $476,776,000 after buying an additional 3,375,108 shares during the period. Clearbridge Investments LLC lifted its position in Fluor Co. (NEW) by 23.0% in the 1st quarter. Clearbridge Investments LLC now owns 11,891,068 shares of the construction company’s stock valued at $437,591,000 after acquiring an additional 2,222,261 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Fluor Co. (NEW) by 39.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,864,553 shares of the construction company’s stock valued at $197,577,000 after acquiring an additional 1,655,100 shares in the last quarter. Morgan Stanley lifted its position in Fluor Co. (NEW) by 1,555.7% in the 2nd quarter. Morgan Stanley now owns 4,428,088 shares of the construction company’s stock valued at $149,183,000 after acquiring an additional 4,160,639 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Fluor Co. (NEW) by 15.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,455,262 shares of the construction company’s stock valued at $82,717,000 after acquiring an additional 331,169 shares in the last quarter. Hedge funds and other institutional investors own 89.75% of the company’s stock.



NYSE:FLR traded down $1.75 during trading hours on Thursday, reaching $18.95. 4,647,296 shares of the company were exchanged, compared to its average volume of 2,421,567. The company has a market capitalization of $2.82 billion, a P/E ratio of 8.81 and a beta of 2.20. Fluor Co. has a 1-year low of $16.25 and a 1-year high of $60.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.27 and a quick ratio of 0.97. The business has a 50 day moving average of $19.02 and a 200 day moving average of $30.03.

Fluor Co. (NEW) (NYSE:FLR) last released its earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.19). Fluor Co. (NEW) had a positive return on equity of 7.09% and a negative net margin of 2.74%. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, equities research analysts anticipate that Fluor Co. will post 0.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 4th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 4.43%. Fluor Co. (NEW)’s payout ratio is 39.07%.

Fluor Co. (NEW) Company Profile

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Recommended Story: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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