Fluor Co. (NYSE:FLR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Fluor Co. (NYSE:FLR) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $54.71.

FLR has been the subject of several research analyst reports. KeyCorp increased their price objective on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup decreased their price objective on Fluor from $60.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Barclays set a $40.00 price objective on Fluor and gave the company an “equal weight” rating in a report on Thursday, February 27th. DA Davidson decreased their price objective on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Truist Financial decreased their price objective on Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

Fluor Stock Performance

Shares of FLR opened at $34.31 on Tuesday. The stock has a 50 day moving average price of $45.53 and a 200 day moving average price of $49.13. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 2.81, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. Fluor has a 52-week low of $34.01 and a 52-week high of $60.10.

Fluor (NYSE:FLR) last announced its quarterly earnings results 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 business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.42 billion. Fluor had a net margin of 13.14% and a return on equity of 15.14%. Research analysts predict that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluor

Hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Fluor during the fourth quarter worth $484,000. Exchange Traded Concepts LLC lifted its holdings in shares of Fluor by 291.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,605 shares of the construction company’s stock worth $2,151,000 after purchasing an additional 32,472 shares during the period. Aequim Alternative Investments LP raised its position in Fluor by 6.0% in the third quarter. Aequim Alternative Investments LP now owns 742,760 shares of the construction company’s stock worth $35,437,000 after acquiring an additional 41,800 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Fluor by 139.1% in the third quarter. Los Angeles Capital Management LLC now owns 17,174 shares of the construction company’s stock worth $819,000 after acquiring an additional 9,992 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Fluor by 27.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,097,931 shares of the construction company’s stock worth $100,092,000 after acquiring an additional 457,220 shares in the last quarter. 88.07% of the stock is owned by institutional investors and hedge funds.

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.