Investment analysts at Truist Financial assumed coverage on shares of Fluor (NYSE:FLR – Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $46.00 price target on the construction company’s stock. Truist Financial’s price objective suggests a potential upside of 18.83% from the stock’s previous close.
A number of other research analysts have also weighed in on the company. KeyCorp assumed coverage on Fluor in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. TheStreet downgraded Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Finally, Citigroup boosted their target price on Fluor from $44.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fluor has an average rating of “Hold” and an average price target of $42.83.
Check Out Our Latest Research Report on FLR
Fluor Stock Performance
NYSE FLR opened at $38.71 on Thursday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $38.09 and a 200 day simple moving average of $37.20. Fluor has a 12-month low of $25.69 and a 12-month high of $43.24. The company has a market cap of $6.60 billion, a P/E ratio of 69.25, a PEG ratio of 3.08 and a beta of 2.11.
Fluor (NYSE:FLR – Get Free Report) last released its earnings results on Tuesday, February 20th. The construction company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. Sell-side analysts predict that Fluor will post 2.82 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Fluor
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Fluor by 18.6% during the fourth quarter. Vanguard Group Inc. now owns 17,060,956 shares of the construction company’s stock valued at $668,278,000 after buying an additional 2,670,473 shares during the period. Thrivent Financial for Lutherans increased its holdings in Fluor by 4,399.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,687,306 shares of the construction company’s stock worth $49,945,000 after buying an additional 1,649,808 shares in the last quarter. Millennium Management LLC increased its holdings in Fluor by 1,236.0% in the 4th quarter. Millennium Management LLC now owns 1,478,219 shares of the construction company’s stock worth $51,235,000 after buying an additional 1,608,347 shares in the last quarter. Alliancebernstein L.P. boosted its position in Fluor by 453.8% in the third quarter. Alliancebernstein L.P. now owns 1,833,384 shares of the construction company’s stock worth $45,633,000 after purchasing an additional 1,502,349 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Fluor by 245.8% in the first quarter. Renaissance Technologies LLC now owns 1,650,300 shares of the construction company’s stock worth $51,011,000 after purchasing an additional 1,173,000 shares during the last quarter. Institutional investors own 99.20% 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.
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Source: defenseworld.net
