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

Fluor (NYSE:FLR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other equities research analysts have also commented on FLR. Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Citigroup lowered their target price on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Truist Financial cut their price target on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. DA Davidson lowered their price objective on shares of Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays set a $40.00 target price on shares of Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Stock Down 2.6 %

Fluor stock opened at $37.72 on Tuesday. The stock’s 50 day moving average price is $42.58 and its 200 day moving average price is $48.19. The company has a market cap of $6.34 billion, a PE ratio of 3.09, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. Fluor has a 1-year low of $34.01 and a 1-year high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, sell-side analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLR. Vanguard Group Inc. increased its position in Fluor by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,698,120 shares of the construction company’s stock worth $872,871,000 after purchasing an additional 168,822 shares in the last quarter. Geode Capital Management LLC grew its stake in Fluor by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,001,622 shares of the construction company’s stock worth $190,953,000 after buying an additional 51,018 shares during the period. Alliancebernstein L.P. increased its position in shares of Fluor by 3.6% in the fourth quarter. Alliancebernstein L.P. now owns 3,093,998 shares of the construction company’s stock worth $152,596,000 after acquiring an additional 107,327 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fluor by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,515,911 shares of the construction company’s stock valued at $124,087,000 after acquiring an additional 25,528 shares during the period. Finally, Northern Trust Corp boosted its position in Fluor by 12.9% during the 4th quarter. Northern Trust Corp now owns 2,391,954 shares of the construction company’s stock worth $117,971,000 after purchasing an additional 273,156 shares during the period. 88.07% of the stock is currently owned by institutional investors and hedge funds.

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.