Fluor (NYSE:FLR) Price Target Lowered to $43.00 at Robert W. Baird

Fluor (NYSE:FLR) had its target price decreased by investment analysts at Robert W. Baird from $46.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s price objective points to a potential upside of 38.60% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Truist Financial decreased their target price on shares of Fluor from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, February 19th. StockNews.com raised Fluor from a “hold” rating to a “buy” rating in a report on Wednesday. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Finally, Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Fluor has a consensus rating of “Moderate Buy” and a consensus price target of $51.57.

Fluor Trading Down 8.7 %

Fluor stock opened at $31.02 on Thursday. Fluor has a one year low of $29.75 and a one year high of $60.10. The business’s fifty day moving average is $40.18 and its 200 day moving average is $47.71. The stock has a market capitalization of $5.21 billion, a PE ratio of 2.55, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77.

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). Fluor had a net margin of 13.14% and a return on equity of 15.14%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.42 billion. On average, sell-side analysts predict that Fluor will post 2.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in Fluor by 2,509.5% during the fourth quarter. Versant Capital Management Inc now owns 548 shares of the construction company’s stock valued at $27,000 after purchasing an additional 527 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Fluor by 196.2% during the 4th quarter. Sterling Capital Management LLC now owns 616 shares of the construction company’s stock valued at $30,000 after purchasing an additional 408 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Fluor during the 4th quarter valued at $33,000. Smartleaf Asset Management LLC boosted its holdings in Fluor by 43.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 955 shares of the construction company’s stock worth $47,000 after buying an additional 287 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in Fluor in the 4th quarter worth $57,000. 88.07% of the stock is currently owned by institutional investors.

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.