Truist Financial Reaffirms "Buy" Rating for Fluor (NYSE:FLR)

Fluor (NYSE:FLR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Truist Financial in a report issued on Monday, Benzinga reports. They presently have a $47.00 price target on the construction company's stock, up from their prior price target of $46.00. Truist Financial's target price would indicate a potential upside of 20.39% from the stock's current price.

FLR has been the subject of several other research reports. Citigroup raised their target price on Fluor from $45.00 to $47.00 and gave the stock a "neutral" rating in a research report on Monday, April 22nd. TheStreet downgraded shares of Fluor from a "b-" rating to a "c" rating in a research note on Wednesday, February 21st. KeyCorp started coverage on shares of Fluor in a research report on Wednesday, January 10th. They set a "sector weight" rating for the company. Finally, Robert W. Baird boosted their price target on shares of Fluor from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $44.00.

Fluor Stock Performance

Fluor stock traded up $0.14 during trading hours on Monday, hitting $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 PE ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 2.11. The company has a quick ratio of 1.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor has a fifty-two week low of $25.69 and a fifty-two week high of $43.24. The company has a 50-day moving average of $39.73 and a two-hundred day moving average of $38.42.

Fluor (NYSE:FLR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $4 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Fluor will post 2.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in Fluor during the 4th quarter worth approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Fluor during the first quarter worth $28,000. BKM Wealth Management LLC acquired a new position in Fluor in the 4th quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Fluor in the 4th quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the fourth quarter valued at about $36,000. Institutional investors own 88.07% of the company's stock.

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.