Fluor (NYSE:FLR) PT Raised to $47.00

Fluor (NYSE:FLR) had its price objective boosted by research analysts at Citigroup from $45.00 to $47.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective suggests a potential upside of 16.34% from the company’s current price.

A number of other equities analysts have also commented on FLR. KeyCorp began coverage on Fluor in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Truist Financial restated a “buy” rating and issued a $46.00 target price on shares of Fluor in a research note on Monday, March 25th. Finally, TheStreet cut Fluor from a “b-” rating to a “c” rating in a research report on Wednesday, February 21st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.17.

Fluor Stock Up 2.4 %

Shares of NYSE FLR opened at $40.40 on Monday. The business’s fifty day moving average price is $39.54 and its 200-day moving average price is $38.22. Fluor has a one year low of $25.69 and a one year high of $43.24. The stock has a market capitalization of $6.87 billion, a PE ratio of 72.14, a P/E/G ratio of 3.11 and a beta of 2.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.60 and a quick ratio of 1.60.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. Fluor had a net margin of 0.90% and a return on equity of 24.25%. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Fluor will post 2.84 EPS for the current year.

Institutional Trading of Fluor

A number of large investors have recently modified their holdings of FLR. Insight Wealth Strategies LLC purchased a new position in Fluor in the fourth quarter worth $1,020,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Fluor by 385.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,948 shares of the construction company’s stock worth $6,934,000 after purchasing an additional 149,990 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Fluor by 36.7% during the 3rd quarter. New York State Common Retirement Fund now owns 143,359 shares of the construction company’s stock valued at $5,261,000 after purchasing an additional 38,496 shares during the last quarter. Mackay Shields LLC purchased a new position in shares of Fluor during the 3rd quarter valued at about $31,143,000. Finally, Hsbc Holdings PLC lifted its position in Fluor by 33.9% in the 3rd quarter. Hsbc Holdings PLC now owns 234,376 shares of the construction company’s stock worth $8,579,000 after buying an additional 59,283 shares during the last quarter. 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.