Fluor (NYSE:FLR) Stock Rating Reaffirmed by Truist Financial

Truist Financial reissued their buy rating on shares of Fluor (NYSE:FLR) in a research report released on Monday, Benzinga reports. They currently have a $47.00 price objective on the construction company’s stock, up from their prior price objective of $46.00.

A number of other research firms have also weighed in on FLR. TheStreet lowered Fluor from a b- rating to a c rating in a report on Wednesday, February 21st. Robert W. Baird lifted their target price on Fluor from $42.00 to $46.00 and gave the company an outperform rating in a report on Monday. Citigroup lifted their target price on Fluor from $45.00 to $47.00 and gave the company a neutral rating in a report on Monday, April 22nd. Finally, KeyCorp initiated coverage on Fluor in a report on Wednesday, January 10th. They set a sector weight rating for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fluor currently has an average rating of Hold and a consensus target price of $44.00.

Fluor Trading Down 0.5 %

Shares of Fluor stock opened at $38.33 on Monday. Fluor has a 52-week low of $25.69 and a 52-week high of $43.24. The stock’s 50-day simple moving average is $39.89 and its 200 day simple moving average is $38.47. The stock has a market capitalization of $6.52 billion, a P/E ratio of 22.28, a P/E/G ratio of 3.08 and a beta of 2.11. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.67.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that Fluor will post 2.84 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC purchased a new stake in Fluor in the fourth quarter worth approximately $27,000. Rise Advisors LLC bought a new stake in Fluor in the first quarter valued at approximately $28,000. BKM Wealth Management LLC bought a new stake in Fluor in the fourth quarter valued at approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in Fluor in the fourth quarter valued at approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Fluor in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.