Fluor (NYSE:FLR) Cut to Sell at Wall Street Zen

Key Points

• Fluor has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, signaling diminished confidence in the stock's performance.
• Truist Financial and other analysts have adjusted their price targets for Fluor, with a consensus rating of "Hold" and an average target price of $49.43.
• Fluor's recent quarterly earnings report showed a missed EPS estimate, with earnings of $0.43 per share compared to an expected $0.59.

Fluor (NYSE:FLR - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently issued reports on the stock. Truist Financial decreased their price objective on shares of Fluor from $52.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday. KeyCorp cut shares of Fluor from an "overweight" rating to a "sector weight" rating and set a $41.00 price target for the company. in a report on Tuesday, July 15th. Citigroup decreased their price target on shares of Fluor from $71.00 to $57.00 and set a "buy" rating for the company in a report on Monday, August 4th. UBS Group decreased their price target on shares of Fluor from $60.00 to $56.00 and set a "buy" rating for the company in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Fluor in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $49.43.

Fluor Trading Up 1.0%

Shares of NYSE:FLR opened at $43.93 on Friday. The stock has a market capitalization of $7.10 billion, a PE ratio of 1.81 and a beta of 1.48. Fluor has a 1 year low of $29.20 and a 1 year high of $60.10. The firm has a fifty day moving average price of $42.18 and a 200 day moving average price of $42.74. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.18.

Fluor (NYSE:FLR - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.16). The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $4.55 billion. Fluor had a return on equity of 9.27% and a net margin of 25.35%.The company's revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MTM Investment Management LLC acquired a new position in shares of Fluor during the second quarter valued at about $26,000. IFP Advisors Inc acquired a new position in shares of Fluor during the second quarter valued at about $27,000. Hurley Capital LLC acquired a new position in shares of Fluor during the first quarter valued at about $29,000. Hantz Financial Services Inc. raised its position in shares of Fluor by 2,695.2% during the second quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company's stock valued at $30,000 after buying an additional 566 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of Fluor by 800.0% during the first quarter. Strategic Investment Solutions Inc. IL now owns 900 shares of the construction company's stock valued at $32,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company's stock.

Fluor Company Profile

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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