Fluor (NYSE:FLR) Price Target Lowered to $49.00 at UBS Group

Fluor (NYSE:FLR) had its price target lowered by UBS Group from $57.00 to $49.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. Truist Financial decreased their price target on shares of Fluor from $60.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. DA Davidson reduced their price target on Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird decreased their price target on Fluor from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Barclays set a $40.00 price objective on shares of Fluor and gave the stock an “equal weight” rating in a research note on Thursday, February 27th. Finally, StockNews.com raised shares of Fluor from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.43.

Fluor Stock Performance

Shares of NYSE:FLR opened at $35.59 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.77 and a debt-to-equity ratio of 0.28. Fluor has a 1-year low of $29.20 and a 1-year high of $60.10. The stock has a market capitalization of $5.98 billion, a P/E ratio of 2.92, a P/E/G ratio of 1.36 and a beta of 1.66. The business has a 50-day moving average price of $35.80 and a two-hundred day moving average price of $46.15.

Fluor (NYSE:FLR) last issued its earnings results on Tuesday, February 18th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Equities analysts predict that Fluor will post 2.5 earnings per share for the current year.

Institutional Trading of Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLR. Alyeska Investment Group L.P. grew its holdings in Fluor by 329.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,986,095 shares of the construction company’s stock worth $97,954,000 after buying an additional 1,523,647 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in Fluor by 10,125.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,056,946 shares of the construction company’s stock valued at $52,129,000 after purchasing an additional 1,046,610 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Fluor by 58.4% during the 4th quarter. Hood River Capital Management LLC now owns 1,952,254 shares of the construction company’s stock worth $96,285,000 after acquiring an additional 719,583 shares during the period. Yaupon Capital Management LP purchased a new position in shares of Fluor in the fourth quarter worth about $26,353,000. Finally, Frontier Capital Management Co. LLC bought a new stake in Fluor during the 4th quarter valued at $25,117,000. 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.