Robert W. Baird Lowers Fluor (NYSE:FLR) Price Target to $43.00

Fluor (NYSE:FLR) had its price target dropped by equities research analysts at Robert W. Baird from $46.00 to $43.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s target price would suggest a potential upside of 15.59% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Citigroup cut their target price on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Baird R W downgraded Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays set a $40.00 target price on Fluor and gave the stock an “equal weight” rating in a research report on Thursday, February 27th. DA Davidson dropped their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.29.

Fluor Stock Performance

NYSE:FLR opened at $37.20 on Thursday. Fluor has a 1-year low of $34.01 and a 1-year high of $60.10. The firm has a 50-day moving average of $41.08 and a two-hundred day moving average of $47.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The stock has a market cap of $6.25 billion, a P/E ratio of 3.05, a PEG ratio of 1.36 and a beta of 1.73.

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

Institutional Trading of Fluor

Large investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fluor by 21.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock valued at $472,000 after buying an additional 1,696 shares during the last quarter. Neo Ivy Capital Management grew its stake in shares of Fluor by 45.2% in the fourth quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock worth $3,252,000 after purchasing an additional 20,541 shares in the last quarter. State of Wyoming lifted its holdings in Fluor by 165.6% in the fourth quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock worth $250,000 after purchasing an additional 3,160 shares during the period. Tema Etfs LLC acquired a new stake in shares of Fluor in the 4th quarter worth approximately $5,317,000. Finally, Point72 Hong Kong Ltd increased its stake in shares of Fluor by 15.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after acquiring an additional 5,849 shares during the period. 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.