Fluor (NYSE:FLR) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

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

Fluor Trading Up 2.3 %

Shares of FLR stock opened at $37.20 on Wednesday. The company has a market cap of $6.25 billion, a PE ratio of 3.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The stock’s 50 day simple moving average is $41.08 and its two-hundred day simple moving average is $47.91. Fluor has a 1 year low of $34.01 and a 1 year high of $60.10. 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 (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Research analysts predict that Fluor will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Fluor by 10.3% during the fourth quarter. GAMMA Investing LLC now owns 2,281 shares of the construction company’s stock worth $112,000 after purchasing an additional 213 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Fluor by 2.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,808 shares of the construction company’s stock valued at $533,000 after buying an additional 241 shares in the last quarter. CIBC Asset Management Inc raised its stake in Fluor by 5.4% in the fourth quarter. CIBC Asset Management Inc now owns 5,182 shares of the construction company’s stock valued at $256,000 after buying an additional 264 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Fluor by 4.9% in the third quarter. Coldstream Capital Management Inc. now owns 5,981 shares of the construction company’s stock worth $286,000 after acquiring an additional 277 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Fluor by 43.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after acquiring an additional 287 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

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.