Citigroup Raises Fluor (NYSE:FLR) Price Target to $52.00

Fluor (NYSE:FLR) had its price target hoisted by Citigroup from $47.00 to $52.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other brokerages have also recently issued reports on FLR. Truist Financial upped their price objective on Fluor from $47.00 to $54.00 and gave the stock a buy rating in a report on Tuesday, July 2nd. KeyCorp raised Fluor from a sector weight rating to an overweight rating and set a $57.00 price objective on the stock in a report on Wednesday, July 17th. Robert W. Baird upped their price objective on Fluor from $42.00 to $46.00 and gave the stock an outperform rating in a report on Monday, May 6th. Finally, Barclays upped their price objective on Fluor from $39.00 to $45.00 and gave the stock an equal weight rating in a report on Thursday, July 18th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $48.43.

Fluor Stock Down 4.5 %

NYSE FLR opened at $47.16 on Monday. The stock’s 50 day moving average is $44.23 and its 200 day moving average is $40.95. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.56. Fluor has a 12 month low of $30.09 and a 12 month high of $51.64. The stock has a market cap of $8.07 billion, a PE ratio of 27.42, a P/E/G ratio of 2.61 and a beta of 1.99.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). The firm 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%. The firm’s revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Research analysts predict that Fluor will post 2.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Several large investors have recently modified their holdings of FLR. GAMMA Investing LLC bought a new position in Fluor in the 4th quarter valued at $27,000. Rise Advisors LLC bought a new position in Fluor in the 1st quarter valued at $28,000. BKM Wealth Management LLC bought a new position in Fluor in the 4th quarter valued at $34,000. McGlone Suttner Wealth Management Inc. bought a new position in Fluor in the 4th quarter valued at $34,000. Finally, ORG Partners LLC bought a new position in Fluor in the 2nd quarter valued at $34,000. 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.