Fluor (NYSE:FLR) Price Target Raised to $45.00

Fluor (NYSE:FLR) had its price objective boosted by Barclays from $39.00 to $45.00 in a report published on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the construction company’s stock.

Several other analysts have also commented on the stock. Truist Financial increased their price target on shares of Fluor from $47.00 to $54.00 and gave the company a buy rating in a research report on Tuesday, July 2nd. KeyCorp raised shares of Fluor from a sector weight rating to an overweight rating and set a $57.00 price objective for the company in a research report on Wednesday, July 17th. Robert W. Baird increased their price objective on shares of Fluor from $42.00 to $46.00 and gave the company an outperform rating in a research report on Monday, May 6th. Finally, Citigroup increased their price objective on shares of Fluor from $45.00 to $47.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $47.71.

Fluor Stock Performance

FLR stock opened at $47.78 on Thursday. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.57 and a beta of 1.99. The firm has a 50-day simple moving average of $43.65 and a two-hundred day simple moving average of $40.74. Fluor has a one year low of $30.09 and a one year high of $51.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.67 and a current ratio of 1.67.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, May 3rd. The construction company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.07). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities analysts forecast that Fluor will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Several hedge funds and other institutional investors have recently bought and sold shares of FLR. B. Riley Wealth Advisors Inc. acquired a new position in Fluor in the 3rd quarter worth approximately $210,000. Vanguard Group Inc. increased its holdings in Fluor by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 14,390,483 shares of the construction company’s stock worth $528,131,000 after buying an additional 106,478 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Fluor in the 3rd quarter worth approximately $839,000. BKM Wealth Management LLC acquired a new position in Fluor in the 4th quarter worth approximately $34,000. Finally, Insight Wealth Strategies LLC acquired a new stake in shares of Fluor during the 4th quarter worth approximately $1,020,000. Institutional investors and hedge funds 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.