Analysts Set Fluor Co. (NYSE:FLR) Price Target at $48.43

Shares of Fluor Co. (NYSE:FLR) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $48.43.

A number of research analysts have recently issued reports on the company. Truist Financial boosted their price objective on Fluor from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Barclays increased their price target on Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. KeyCorp upgraded 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 note on Wednesday, July 17th. Citigroup increased their target price on shares of Fluor from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Finally, Robert W. Baird lifted 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.

Fluor Stock Performance

Shares of FLR stock opened at $47.50 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.67 and a quick ratio of 1.67. Fluor has a one year low of $30.73 and a one year high of $51.64. The business’s 50 day simple moving average is $45.31 and its 200 day simple moving average is $41.46. The stock has a market capitalization of $8.13 billion, a PE ratio of 27.62, a PEG ratio of 2.55 and a beta of 1.99.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, August 2nd. The construction company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.17. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.34 billion. Fluor had a net margin of 1.97% and a return on equity of 24.98%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. As a group, research analysts forecast that Fluor will post 2.9 earnings per share for the current year.

Institutional Investors Weigh In On Fluor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in Fluor during the 4th quarter valued at about $27,000. Rise Advisors LLC bought a new stake in shares of Fluor in the 1st quarter worth $28,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Fluor during the fourth quarter valued at about $34,000. ORG Partners LLC purchased a new position in Fluor during the second quarter worth about $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Fluor in the 4th quarter worth about $36,000. 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.