Fluor (NYSE:FLR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a research report released on Monday.

Several other brokerages have also recently commented on FLR. Baird R W cut shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Citigroup lowered their price target on shares of Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Truist Financial decreased their price objective on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Barclays set a $40.00 price objective on shares of Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. Finally, Robert W. Baird decreased their price objective on shares of Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Price Performance

NYSE:FLR opened at $37.34 on Monday. The company has a 50-day moving average of $44.12 and a 200-day moving average of $48.66. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 3.06, a PEG ratio of 1.36 and a beta of 1.73. Fluor has a 52 week low of $34.01 and a 52 week high of $60.10. 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 (NYSE:FLR) last announced its quarterly earnings results 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 net margin of 13.14% and a return on equity of 15.14%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. As a group, equities research analysts anticipate that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in Fluor by 21.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock worth $472,000 after acquiring an additional 1,696 shares in the last quarter. Neo Ivy Capital Management raised its position in Fluor by 45.2% during the fourth quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock worth $3,252,000 after acquiring an additional 20,541 shares in the last quarter. State of Wyoming increased its holdings in shares of Fluor by 165.6% in the fourth quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after purchasing an additional 3,160 shares during the last quarter. Tema Etfs LLC acquired a new position in shares of Fluor in the fourth quarter valued at $5,317,000. Finally, Point72 Hong Kong Ltd increased its holdings in shares of Fluor by 15.6% in the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after purchasing an additional 5,849 shares during the last quarter. 88.07% of the stock is owned by 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.