Fluor Corporation (NYSE:FLR) Stock Has Consensus Price Target of $63.33 According to Analysts

Fluor Corporation (NYSE:FLR) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $63.33.

Several analysts recently commented on the stock. Wall Street Zen raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Citigroup lifted their target price on Fluor from $56.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Barclays lifted their price objective on Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Robert W. Baird raised their price target on shares of Fluor from $49.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Truist Financial restated a “buy” rating and set a $71.00 price objective (up from $64.00) on shares of Fluor in a research report on Monday, August 10th.

Insider Activity

In other news, insider Pierre Bechelany sold 5,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $55.24, for a total transaction of $276,200.00. Following the completion of the sale, the insider owned 36,064 shares of the company’s stock, valued at $1,992,175.36. This represents a 12.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fluor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in Fluor in the 2nd quarter worth $25,000. GK Wealth Management LLC purchased a new stake in Fluor during the 3rd quarter worth approximately $26,000. Ancora Advisors LLC purchased a new stake in shares of Fluor during the second quarter worth approximately $31,000. Root Financial Partners LLC lifted its holdings in Fluor by 121.4% in the 1st quarter. Root Financial Partners LLC now owns 826 shares of the construction company’s stock valued at $39,000 after purchasing an additional 453 shares in the last quarter. Finally, Leonteq Securities AG boosted its stake in Fluor by 113.2% during the 1st quarter. Leonteq Securities AG now owns 968 shares of the construction company’s stock worth $45,000 after purchasing an additional 514 shares during the last quarter. Institutional investors own 88.07% of the company’s stock.

Fluor Price Performance

Shares of Fluor stock opened at $50.68 on Wednesday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $52.81 and a 200 day moving average of $50.35. The company has a market cap of $6.78 billion, a PE ratio of -4.13, a P/E/G ratio of 1.04 and a beta of 1.28. Fluor has a 52 week low of $39.33 and a 52 week high of $58.35.

Fluor (NYSE:FLR) last released its quarterly earnings results on Friday, August 7th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.21. Fluor had a positive return on equity of 8.82% and a negative net margin of 12.85%. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts forecast that Fluor will post 2.69 earnings per share for the current year.

Fluor Company Profile

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, construction and project-management company. It provides integrated services for complex capital projects, including design and engineering, procurement, construction, commissioning, operations and maintenance, and program management.

The company serves clients across the energy, chemicals, infrastructure, mining, advanced manufacturing, government and commercial sectors. Its work includes developing and maintaining industrial facilities, transportation and other infrastructure, government and defense projects, and energy-related assets.