Fluor (NYSE:FLR) PT Raised to $54.00 at Truist Financial

Fluor (NYSE:FLR) had its price target lifted by Truist Financial from $47.00 to $54.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target indicates a potential upside of 22.39% from the stock’s current price.

A number of other equities analysts have also commented on FLR. Citigroup increased their price target on Fluor from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Robert W. Baird lifted their target price on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.17.

Fluor Price Performance

Shares of Fluor stock opened at $44.12 on Tuesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor has a 52 week low of $28.02 and a 52 week high of $45.75. The stock’s 50-day simple moving average is $42.02 and its 200-day simple moving average is $40.10. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.37 and a beta of 1.99.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.07). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $4 billion. Fluor had a return on equity of 24.98% and a net margin of 1.97%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. As a group, analysts expect that Fluor will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Fluor by 46.4% in the 2nd quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock worth $39,000 after buying an additional 285 shares during the period. Bright Futures Wealth Management LLC. purchased a new position in shares of Fluor during the first quarter worth approximately $218,000. Boston Partners raised its stake in shares of Fluor by 272.5% during the first quarter. Boston Partners now owns 36,853 shares of the construction company’s stock valued at $1,558,000 after acquiring an additional 26,959 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Fluor by 7.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 131,013 shares of the construction company’s stock valued at $5,539,000 after purchasing an additional 9,000 shares during the period. Finally, Cetera Advisors LLC bought a new position in Fluor in the first quarter worth approximately $713,000. 88.07% of the stock is currently owned by institutional investors.

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.