Fluor Co. (NYSE:FLR) Given Consensus Rating of “Moderate Buy” by Analysts

Fluor Co. (NYSE:FLR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $48.43.

FLR has been the subject of several analyst reports. Truist Financial raised their price target on shares of Fluor from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Citigroup boosted their price target on Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. KeyCorp raised Fluor from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research report on Wednesday, July 17th. Robert W. Baird boosted their target price on Fluor from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Finally, Barclays raised their price target on shares of Fluor from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th.

Institutional Investors Weigh In On Fluor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after buying an additional 285 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Fluor by 0.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,780 shares of the construction company’s stock valued at $2,739,000 after acquiring an additional 286 shares during the period. Lesa Sroufe & Co increased its stake 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 purchasing an additional 312 shares in the last quarter. Cornercap Investment Counsel Inc. raised its holdings in Fluor by 2.4% in 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 period. Finally, Parallel Advisors LLC lifted 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. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Up 0.1 %

NYSE FLR opened at $47.50 on Monday. Fluor has a 12 month low of $30.73 and a 12 month high of $51.64. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $45.31 and its 200-day moving average price is $41.46. The stock has a market cap of $8.13 billion, a P/E ratio of 27.62, a P/E/G ratio of 2.55 and a beta of 1.99.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.68 by $0.17. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.34 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. Fluor’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. As a group, equities analysts forecast that Fluor will post 2.9 EPS for the current fiscal year.

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.