Fluor (NYSE:FLR) Rating Increased to Buy at StockNews.com

Fluor (NYSE:FLR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other equities analysts also recently commented on the company. Robert W. Baird decreased their price target on Fluor from $58.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. KeyCorp boosted their price target on Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Baird R W cut Fluor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays set a $40.00 target price on shares of Fluor and gave the company an “equal weight” rating in a research note on Thursday, February 27th. Finally, DA Davidson decreased their price target on shares of Fluor from $65.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $54.71.

Fluor Price Performance

Shares of NYSE FLR opened at $39.06 on Tuesday. The business has a 50 day moving average price of $43.01 and a two-hundred day moving average price of $48.30. Fluor has a fifty-two week low of $34.01 and a fifty-two week high of $60.10. The firm has a market cap of $6.56 billion, a PE ratio of 3.20, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. The company has a quick ratio of 1.77, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

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

Hedge Funds Weigh In On Fluor

Several institutional investors have recently modified their holdings of FLR. Versant Capital Management Inc lifted its position in Fluor by 2,509.5% in the 4th 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 during the last quarter. Sterling Capital Management LLC increased its stake in shares of Fluor by 196.2% in the fourth 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 fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC boosted its position in shares of Fluor by 43.0% during the fourth 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. bought a new position in Fluor in the 4th quarter worth approximately $57,000. Institutional investors own 88.07% of the company’s stock.

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.