Fluor (NYSE:FLR) Price Target Raised to $47.00

Fluor (NYSE:FLR) had its price target hoisted by equities researchers at Citigroup from $45.00 to $47.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup’s price target would indicate a potential upside of 16.34% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Truist Financial reissued a “buy” rating and set a $46.00 target price on shares of Fluor in a research report on Monday, March 25th. TheStreet lowered shares of Fluor from a “b-” rating to a “c” rating in a report on Wednesday, February 21st. Finally, KeyCorp initiated coverage on Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.17.

Fluor Stock Performance

Fluor stock opened at $40.40 on Monday. Fluor has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The company has a market capitalization of $6.87 billion, a PE ratio of 72.14, a P/E/G ratio of 3.11 and a beta of 2.12. The company has a 50 day moving average price of $39.54 and a 200-day moving average price of $38.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period in the previous year, the company posted $0.43 EPS. Fluor’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that Fluor will post 2.84 earnings per share for the current year.

Institutional Investors Weigh In On Fluor

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Fluor in the 3rd quarter worth $1,469,000. Greenwood Capital Associates LLC boosted its holdings in Fluor by 33.3% in the third quarter. Greenwood Capital Associates LLC now owns 14,648 shares of the construction company’s stock worth $538,000 after acquiring an additional 3,661 shares in the last quarter. SS&H Financial Advisors Inc. purchased a new stake in shares of Fluor during the third quarter worth about $1,817,000. Moody Lynn & Lieberson LLC purchased a new position in shares of Fluor in the 3rd quarter valued at approximately $2,421,000. Finally, Mackay Shields LLC acquired a new stake in Fluor in the 3rd quarter worth approximately $31,143,000. 88.07% of the stock is currently owned by institutional investors and hedge funds.

Fluor Company Profile

Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.