Fluor (NYSE:FLR) Rating Increased to Buy at StockNews.com

Fluor (NYSE:FLR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

FLR has been the subject of a number of other research reports. Citigroup reduced their target price on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. KeyCorp raised their price target on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Truist Financial decreased their price target on shares of Fluor from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Baird R W lowered Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, DA Davidson lowered their price target on Fluor from $65.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.71.

Fluor Trading Up 1.5 %

Shares of FLR stock opened at $36.34 on Wednesday. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 2.98, a PEG ratio of 1.36 and a beta of 1.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.77 and a current ratio of 1.69. The company has a 50-day simple moving average of $41.42 and a two-hundred day simple moving average of $47.98. Fluor has a 52-week low of $34.01 and a 52-week high of $60.10.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.30). The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Fluor had a return on equity of 15.14% and a net margin of 13.14%. Research analysts anticipate that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

A number of hedge funds and other institutional investors have recently modified their holdings of FLR. Cornerstone Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $484,000. Exchange Traded Concepts LLC lifted its holdings in Fluor by 291.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after buying an additional 32,472 shares during the period. Quantbot Technologies LP bought a new position in Fluor in the fourth quarter worth $3,667,000. Aequim Alternative Investments LP boosted its holdings in shares of Fluor by 6.0% during the 3rd quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock valued at $35,437,000 after buying an additional 41,800 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in shares of Fluor by 49.1% in the 4th quarter. Artemis Investment Management LLP now owns 1,252,876 shares of the construction company’s stock worth $61,792,000 after buying an additional 412,312 shares during the period. Institutional investors 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.