Fluor Co. (NYSE:FLR) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $45.57.

Several analysts have issued reports on the company. UBS Group lowered their target price on Fluor from $57.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird dropped their price objective on Fluor from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Barclays set a $40.00 price objective on shares of Fluor and gave the company an "equal weight" rating in a research report on Thursday, February 27th. Citigroup dropped their price objective on Fluor from $55.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Truist Financial lowered their target price on shares of Fluor from $60.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th.

Hedge Funds Weigh In On Fluor

Several institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Fluor during the third quarter worth about $598,000. Wilmington Savings Fund Society FSB bought a new stake in Fluor in the 3rd quarter worth approximately $96,000. Cim Investment Management Inc. bought a new position in shares of Fluor during the 3rd quarter valued at approximately $391,000. Birmingham Capital Management Co. Inc. AL purchased a new position in shares of Fluor in the third quarter valued at $202,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Fluor in the third quarter worth $215,000. Institutional investors own 88.07% of the company's stock.

Fluor Price Performance

Shares of FLR opened at $35.06 on Wednesday. The firm has a market cap of $5.89 billion, a PE ratio of 2.88, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. Fluor has a 52-week low of $29.20 and a 52-week high of $60.10. The business's 50 day moving average price is $35.53 and its two-hundred day moving average price is $45.81. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.30). The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. On average, equities analysts anticipate that Fluor will post 2.5 EPS for the current 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.

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