Fluor Co. (NYSE:FLR) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Fluor Co. (NYSE:FLR - Get Free Report) have been given an average rating of "Moderate Buy" by the eight ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $45.43.

Several equities research analysts recently weighed in on FLR shares. KeyCorp reduced their price target on shares of Fluor from $54.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Robert W. Baird set a $41.00 price target on shares of Fluor in a research report on Monday, May 5th. Wall Street Zen cut shares of Fluor from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Citigroup reduced their price target on shares of Fluor from $55.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Truist Financial lifted their price objective on shares of Fluor from $45.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, May 5th.

Institutional Trading of Fluor

A number of large investors have recently made changes to their positions in FLR. Nisa Investment Advisors LLC boosted its stake in shares of Fluor by 2.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company's stock valued at $533,000 after purchasing an additional 241 shares during the period. SG Americas Securities LLC boosted its stake in shares of Fluor by 25.7% during the fourth quarter. SG Americas Securities LLC now owns 18,848 shares of the construction company's stock valued at $930,000 after purchasing an additional 3,855 shares during the period. Janney Montgomery Scott LLC lifted its stake in Fluor by 22.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 86,881 shares of the construction company's stock worth $4,285,000 after acquiring an additional 15,988 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in Fluor in the fourth quarter worth about $484,000. Finally, Exchange Traded Concepts LLC lifted its stake in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company's stock worth $2,151,000 after acquiring an additional 32,472 shares during the period. 88.07% of the stock is owned by hedge funds and other institutional investors.

Fluor Price Performance

Shares of Fluor stock traded down $0.45 on Friday, hitting $41.99. 176,103 shares of the company traded hands, compared to its average volume of 2,362,540. The stock has a market capitalization of $6.91 billion, a P/E ratio of 3.45, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. 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 has a 52 week low of $29.20 and a 52 week high of $60.10. The business has a 50-day simple moving average of $35.97 and a 200 day simple moving average of $43.58.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.23. Fluor had a net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $3.98 billion for the quarter, compared to analysts' expectations of $4.27 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts expect that Fluor will post 2.5 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.