Fluor Co. (NYSE:FLR) Given Average Recommendation of “Hold” by Analysts

Shares of Fluor Co. (NYSE:FLR) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $43.17.

A number of research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday. Truist Financial restated 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 research report on Wednesday, February 21st. Finally, KeyCorp started coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLR. GAMMA Investing LLC purchased a new stake in Fluor in the 4th quarter valued at about $27,000. Rise Advisors LLC acquired a new position in Fluor during the 1st quarter worth approximately $28,000. BKM Wealth Management LLC purchased a new stake in Fluor during the 4th quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fluor during the 4th quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Stock Down 0.2 %

Shares of NYSE FLR opened at $40.29 on Friday. Fluor has a 1 year low of $25.69 and a 1 year high of $43.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60. The company has a 50-day moving average price of $39.51 and a 200-day moving average price of $38.23. The stock has a market capitalization of $6.86 billion, a P/E ratio of 71.95, a P/E/G ratio of 3.13 and a beta of 2.12.

Fluor (NYSE:FLR) last released 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 net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Fluor will post 2.84 EPS 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.