Fluor (NYSE:FLR) Given New $47.00 Price Target at Citigroup

Fluor (NYSE:FLR) had its price target upped by Citigroup from $45.00 to $47.00 in a report released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other brokerages also recently commented on FLR. Truist Financial reiterated a buy rating and issued a $46.00 target price on shares of Fluor in a report on Monday, March 25th. TheStreet downgraded shares of Fluor from a b- rating to a c rating in a report on Wednesday, February 21st. Finally, KeyCorp began coverage on shares of Fluor in a report on Wednesday, January 10th. They issued a sector weight rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $43.17.

Fluor Stock Down 0.2 %

NYSE:FLR opened at $40.29 on Monday. Fluor has a 1-year low of $25.69 and a 1-year high of $43.24. The company has a 50-day moving average of $39.51 and a 200 day moving average of $38.23. The firm has a market cap of $6.86 billion, a PE ratio of 71.95, a price-to-earnings-growth ratio of 3.13 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $3.82 billion during the quarter, compared to analyst estimates of $4.11 billion. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, research analysts anticipate that Fluor will post 2.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in shares of Fluor during the first quarter valued at about $28,000. GAMMA Investing LLC acquired a new position in Fluor in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new position in Fluor in the 4th quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in Fluor in the 4th quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in Fluor in the 4th quarter worth approximately $36,000. 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.