Analysts Set Fluor Co. (NYSE:FLR) PT at $42.83

Shares of Fluor Co. (NYSE:FLR) have received an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.17.

A number of equities analysts have weighed in on FLR shares. KeyCorp started coverage on Fluor in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. TheStreet lowered Fluor from a “b-” rating to a “c” rating in a research note on Wednesday, February 21st. Truist Financial reiterated a “buy” rating and issued a $46.00 price objective on shares of Fluor in a report on Monday, March 25th. Finally, Citigroup upped their price objective on Fluor from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, April 22nd.

Fluor Stock Performance

NYSE:FLR opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. Fluor has a 52-week low of $25.69 and a 52-week high of $43.24. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 73.13, a PEG ratio of 3.19 and a beta of 2.12. The business’s fifty day moving average is $39.44 and its 200 day moving average is $38.28.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $4.11 billion. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Research analysts predict that Fluor will post 2.84 EPS for the current year.

Hedge Funds Weigh In On Fluor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in shares of Fluor in the 1st quarter worth approximately $28,000. GAMMA Investing LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $27,000. BKM Wealth Management LLC bought a new stake in shares of Fluor in the 4th quarter worth approximately $34,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Fluor in the 4th quarter worth approximately $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Fluor in the 4th quarter worth approximately $36,000. 88.07% of the stock is currently 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.