Truist Financial Forecasts Strong Price Appreciation for Fluor (NYSE:FLR) Stock

Fluor (NYSE:FLR) had its price objective hoisted by equities researchers at Truist Financial from $51.00 to $56.00 in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective suggests a potential upside of 23.54% from the stock’s current price.

A number of other brokerages also recently issued reports on FLR. Robert W. Baird lowered their price target on Fluor from $55.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup dropped their price target on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a report on Monday, August 4th. KeyCorp lowered shares of Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target for the company. in a research note on Tuesday, July 15th. Finally, Zacks Research upgraded shares of Fluor from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fluor currently has a consensus rating of “Hold” and a consensus target price of $50.14.

Fluor Price Performance

Shares of NYSE:FLR opened at $45.33 on Monday. The business has a fifty day moving average price of $44.78 and a 200-day moving average price of $45.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $7.33 billion, a PE ratio of 1.87 and a beta of 1.59. Fluor has a 1-year low of $29.20 and a 1-year high of $57.50.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.44 by $0.24. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $4.20 billion. Fluor had a net margin of 25.35% and a return on equity of 9.27%. Fluor’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. As a group, equities analysts expect that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Fluor by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 2,062 shares of the construction company’s stock worth $106,000 after acquiring an additional 208 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Fluor by 6.6% in the third quarter. Farther Finance Advisors LLC now owns 3,591 shares of the construction company’s stock worth $151,000 after purchasing an additional 223 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Fluor by 7.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,782 shares of the construction company’s stock worth $194,000 after purchasing an additional 248 shares in the last quarter. Brighton Jones LLC raised its position in shares of Fluor by 3.1% during the 3rd quarter. Brighton Jones LLC now owns 9,060 shares of the construction company’s stock valued at $381,000 after purchasing an additional 273 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of Fluor by 20.9% during the 3rd quarter. Clearstead Advisors LLC now owns 1,594 shares of the construction company’s stock valued at $67,000 after buying an additional 276 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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.