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

StockNews.com upgraded shares of Fluor (NYSE:FLR) from a hold rating to a buy rating in a report issued on Monday morning.

Other analysts have also issued research reports about the company. Robert W. Baird cut their price objective on Fluor from $58.00 to $46.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Citigroup cut their price target on Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. KeyCorp boosted their price objective on Fluor from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Barclays set a $40.00 price target on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, Baird R W lowered shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Fluor has a consensus rating of “Moderate Buy” and an average target price of $54.71.

Fluor Price Performance

FLR opened at $38.29 on Monday. The stock’s 50-day moving average price is $43.63 and its 200 day moving average price is $48.50. Fluor has a 12-month low of $34.01 and a 12-month high of $60.10. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 3.14, a PEG ratio of 1.36 and a beta of 1.73. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28.

Fluor (NYSE:FLR) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $0.48 earnings per share (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 analyst estimates of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. As a group, sell-side analysts expect that Fluor will post 2.5 earnings per share for the current year.

Institutional Trading of Fluor

Institutional investors have recently modified their holdings of the stock. KBC Group NV lifted its position in Fluor by 11.2% in the third quarter. KBC Group NV now owns 4,544 shares of the construction company’s stock valued at $217,000 after acquiring an additional 456 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Fluor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 4,918 shares of the construction company’s stock valued at $235,000 after purchasing an additional 176 shares during the period. Natixis Advisors LLC grew its stake in Fluor by 0.7% during the 3rd quarter. Natixis Advisors LLC now owns 64,777 shares of the construction company’s stock worth $3,091,000 after buying an additional 442 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Fluor by 0.5% during the third quarter. Thrivent Financial for Lutherans now owns 2,004,775 shares of the construction company’s stock worth $95,648,000 after buying an additional 9,789 shares during the period. Finally, Quest Partners LLC lifted its stake in Fluor by 1,254.1% in the third quarter. Quest Partners LLC now owns 16,155 shares of the construction company’s stock valued at $771,000 after buying an additional 14,962 shares during the last quarter. Hedge funds and other 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.