Fluor Co. (NYSE:FLR) Receives $45.17 Consensus Target Price from Analysts

Fluor Co. (NYSE:FLR) has been given an average recommendation of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $45.17.

Several research firms recently weighed in on FLR. Citigroup upped their price target on shares of Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Robert W. Baird upped their price objective on shares of Fluor from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Finally, Truist Financial upped their price objective on shares of Fluor from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd.

Institutional Trading of Fluor

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Fluor by 0.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after buying an additional 286 shares during the period. Lesa Sroufe & Co grew its stake in shares of Fluor by 0.6% in the 1st quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company’s stock valued at $2,154,000 after buying an additional 312 shares during the period. Cornercap Investment Counsel Inc. grew its stake in shares of Fluor by 2.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company’s stock valued at $550,000 after buying an additional 326 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Fluor by 19.6% in the 4th quarter. Parallel Advisors LLC now owns 2,053 shares of the construction company’s stock valued at $80,000 after buying an additional 337 shares during the period. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 2.5 %

Shares of Fluor stock opened at $44.77 on Thursday. The firm has a 50-day simple moving average of $42.38 and a two-hundred day simple moving average of $40.27. The company has a market cap of $7.66 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.99. Fluor has a fifty-two week low of $29.94 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict that Fluor will post 2.88 earnings per share for the current fiscal year.

About Fluor

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.