Citigroup Raises Fluor (NYSE:FLR) Price Target to $52.00

Fluor (NYSE:FLR) had its price target boosted by Citigroup from $47.00 to $52.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

FLR has been the subject of a number of other research reports. KeyCorp upgraded shares of Fluor from a sector weight rating to an overweight rating and set a $57.00 price target for the company in a research note on Wednesday, July 17th. Truist Financial boosted their price target on shares of Fluor from $47.00 to $54.00 and gave the company a buy rating in a research note on Tuesday, July 2nd. Robert W. Baird boosted their price target on shares of Fluor from $42.00 to $46.00 and gave the company an outperform rating in a research note on Monday, May 6th. Finally, Barclays upped their target price on shares of Fluor from $39.00 to $45.00 and gave the stock an equal weight rating in a research note on Thursday, July 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Fluor presently has an average rating of Moderate Buy and an average price target of $48.43.

Fluor Stock Down 4.5 %

Fluor stock opened at $47.16 on Monday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor has a 12-month low of $30.09 and a 12-month high of $51.64. The firm’s fifty day moving average is $44.23 and its 200 day moving average is $40.95. The company has a market capitalization of $8.07 billion, a PE ratio of 27.42, a PEG ratio of 2.61 and a beta of 1.99.

Fluor (NYSE:FLR) last released its earnings results on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts predict that Fluor will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Several institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System grew its position in Fluor by 2.0% during the second quarter. New York State Teachers Retirement System now owns 174,331 shares of the construction company’s stock valued at $7,592,000 after buying an additional 3,461 shares during the period. Nisa Investment Advisors LLC grew its position in Fluor by 4.3% during the second quarter. Nisa Investment Advisors LLC now owns 10,477 shares of the construction company’s stock valued at $456,000 after buying an additional 429 shares during the period. AlphaMark Advisors LLC bought a new position in Fluor during the second quarter valued at about $331,000. ORG Partners LLC bought a new position in Fluor during the second quarter valued at about $34,000. Finally, Diversified Trust Co grew its position in Fluor by 14.8% during the second quarter. Diversified Trust Co now owns 37,136 shares of the construction company’s stock valued at $1,617,000 after buying an additional 4,782 shares during the period. 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.