Fluor Corporation (NYSE:FLR) Given Average Rating of “Hold” by Analysts

Fluor Corporation (NYSE:FLR) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $49.5714.

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Fluor from $51.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Wall Street Zen raised Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group reduced their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Fluor in a report on Monday. Finally, DA Davidson upped their price objective on shares of Fluor from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 10th.

Fluor Trading Up 0.1%

Shares of NYSE:FLR opened at $43.44 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 1.45. Fluor has a 1 year low of $29.20 and a 1 year high of $57.50. The company has a market capitalization of $7.00 billion, a P/E ratio of 2.21 and a beta of 1.31. The business’s 50 day simple moving average is $44.97 and its 200 day simple moving average is $45.79.

Fluor (NYSE:FLR) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Fluor had a net margin of 21.71% and a return on equity of 8.32%. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. On average, research analysts anticipate that Fluor will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MTM Investment Management LLC bought a new stake in shares of Fluor during the 2nd quarter valued at about $26,000. IFP Advisors Inc acquired a new position in Fluor in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Fluor by 2,695.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock worth $30,000 after buying an additional 566 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Fluor during the 2nd quarter worth approximately $33,000. Finally, CoreCap Advisors LLC increased its stake in shares of Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock valued at $30,000 after acquiring an additional 408 shares in the last quarter. 88.07% of the stock is owned by 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.