Fluor (NYSE:FLR) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has maintained a "Hold (C)" rating on Fluor (NYSE:FLR), while several other brokerages have varied their ratings, including Wall Street Zen downgrading it to "Sell."
• Fluor's stock price recently reached $48.02, with a market cap of $7.76 billion and a P/E ratio of 1.98, reflecting moderate trading volume compared to its average.
• In its last earnings report, Fluor missed analysts' consensus EPS estimates, reporting $0.43 per share against expectations of $0.59, and experienced a 5.9% decline in revenue year-over-year.

Fluor (NYSE:FLR - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

Several other brokerages have also weighed in on FLR. Wall Street Zen lowered Fluor from a "hold" rating to a "sell" rating in a report on Saturday. Truist Financial decreased their price objective on Fluor from $52.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. UBS Group decreased their price objective on Fluor from $60.00 to $56.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. Citigroup decreased their price objective on Fluor from $71.00 to $57.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, Robert W. Baird cut their target price on Fluor from $55.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Fluor currently has an average rating of "Hold" and a consensus target price of $49.43.

Fluor Stock Performance

FLR traded up $0.80 during midday trading on Tuesday, reaching $48.02. The company's stock had a trading volume of 1,500,658 shares, compared to its average volume of 3,589,859. The stock has a market cap of $7.76 billion, a P/E ratio of 1.98 and a beta of 1.48. The company has a fifty day simple moving average of $42.32 and a 200 day simple moving average of $42.90. 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 has a twelve month low of $29.20 and a twelve month high of $60.10.

Fluor (NYSE:FLR - Get Free Report) last released its earnings results 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 analyst estimates of $4.55 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business's quarterly revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. Fluor has set its FY 2025 guidance at 1.950-2.15 EPS. Research analysts expect that Fluor will post 2.5 earnings per share for the current year.

Hedge Funds Weigh In On Fluor

Several institutional investors have recently bought and sold shares of FLR. DLD Asset Management LP bought a new position in Fluor in the 2nd quarter valued at $1,025,400,000. Rubric Capital Management LP bought a new position in Fluor in the 2nd quarter valued at $205,080,000. Sourcerock Group LLC bought a new position in Fluor in the 2nd quarter valued at $85,327,000. Pacer Advisors Inc. raised its position in shares of Fluor by 4,097.7% during the first quarter. Pacer Advisors Inc. now owns 1,332,307 shares of the construction company's stock worth $47,723,000 after acquiring an additional 1,300,568 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Fluor by 361.6% during the second quarter. Ameriprise Financial Inc. now owns 1,507,442 shares of the construction company's stock valued at $77,289,000 after acquiring an additional 1,180,838 shares during the period. Institutional investors 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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