Fluor (NYSE:FLR) Price Target Increased to $46.00 by Analysts at Robert W. Baird

Fluor (NYSE:FLR - Free Report) had its price target raised by Robert W. Baird from $42.00 to $46.00 in a report published on Monday, Benzinga reports. They currently have an outperform rating on the construction company's stock.

Several other research firms have also weighed in on FLR. KeyCorp began coverage on Fluor in a report on Wednesday, January 10th. They set a sector weight rating on the stock. Truist Financial restated a buy rating and issued a $46.00 target price on shares of Fluor in a report on Monday, March 25th. TheStreet lowered shares of Fluor from a b- rating to a c rating in a research report on Wednesday, February 21st. Finally, Citigroup boosted their target price on Fluor from $45.00 to $47.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Fluor presently has an average rating of Hold and an average target price of $44.00.

Fluor Price Performance

Shares of NYSE:FLR traded up $0.14 during mid-day trading on Monday, reaching $39.04. The stock had a trading volume of 1,678,755 shares, compared to its average volume of 1,576,433. The company has a market cap of $6.64 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 2.11. The business's 50 day moving average price is $39.73 and its 200 day moving average price is $38.42. The company has a current ratio of 1.67, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. Fluor has a 1 year low of $25.69 and a 1 year high of $43.24.

Fluor (NYSE:FLR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $4 billion. During the same period in the previous year, the company earned $0.28 EPS. Fluor's revenue for the quarter was down .5% compared to the same quarter last year. Research analysts expect that Fluor will post 2.84 EPS for the current fiscal year.

Institutional Trading of Fluor

A number of hedge funds have recently added to or reduced their stakes in FLR. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fluor by 0.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company's stock worth $2,739,000 after purchasing an additional 286 shares during the period. Lesa Sroufe & Co raised its position in shares of Fluor by 0.6% in the 1st quarter. Lesa Sroufe & Co now owns 50,950 shares of the construction company's stock worth $2,154,000 after acquiring an additional 312 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its stake in shares of Fluor by 2.4% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 14,039 shares of the construction company's stock worth $550,000 after purchasing an additional 326 shares during the last quarter. Parallel Advisors LLC boosted its position in Fluor by 19.6% during the fourth quarter. Parallel Advisors LLC now owns 2,053 shares of the construction company's stock valued at $80,000 after purchasing an additional 337 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Fluor by 32.7% in the third quarter. Fifth Third Bancorp now owns 1,505 shares of the construction company's stock valued at $55,000 after purchasing an additional 371 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.