Fluor Co. (NYSE:FLR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Fluor Co. (NYSE:FLR) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $54.71.

A number of brokerages have recently weighed in on FLR. StockNews.com cut Fluor from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup dropped their price target on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. Robert W. Baird dropped their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, DA Davidson dropped their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th.

Institutional Trading of Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. Versant Capital Management Inc boosted its stake in Fluor by 2,509.5% in the 4th quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock worth $27,000 after buying an additional 527 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Fluor by 196.2% in the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Fluor in the 4th quarter worth about $33,000. Smartleaf Asset Management LLC boosted its stake in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Fluor in the 4th quarter worth about $57,000. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Trading Down 5.1 %

NYSE:FLR opened at $34.31 on Tuesday. The stock has a fifty day moving average price of $45.53 and a two-hundred day moving average price of $49.13. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 2.81, a PEG ratio of 1.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. Fluor has a 1 year low of $34.01 and a 1 year high of $60.10.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. As a group, sell-side analysts anticipate that Fluor will post 2.5 earnings per share 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.