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

Fluor (NYSE:FLR) had its price objective lifted by Barclays from $39.00 to $45.00 in a research report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on FLR. Robert W. Baird boosted their target price on Fluor from $42.00 to $46.00 and gave the stock an outperform rating in a research note on Monday, May 6th. Citigroup boosted their price objective on Fluor from $45.00 to $47.00 and gave the company a neutral rating in a research note on Monday, April 22nd. 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. Finally, KeyCorp upgraded 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Fluor currently has an average rating of Moderate Buy and an average target price of $47.71.

Fluor Price Performance

FLR stock opened at $47.78 on Thursday. The business has a 50 day moving average price of $43.65 and a 200 day moving average price of $40.74. The stock 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. Fluor has a fifty-two week low of $30.09 and a fifty-two week high of $51.64. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.56.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Fluor during the fourth quarter worth $27,000. Rise Advisors LLC acquired a new position in Fluor during the first quarter worth $28,000. BKM Wealth Management LLC acquired a new position in Fluor during the fourth quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new position in Fluor during the fourth quarter worth $34,000. Finally, ORG Partners LLC acquired a new position in Fluor during the second quarter worth $34,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Fluor

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.