Robert W. Baird Raises Fluor (NYSE:FLR) Price Target to $46.00

Fluor (NYSE:FLR) had its price objective lifted by Robert W. Baird from $42.00 to $46.00 in a research report report published on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on FLR. Truist Financial reissued a buy rating and set a $46.00 target price on shares of Fluor in a report on Monday, March 25th. Citigroup raised their target price on shares of Fluor from $45.00 to $47.00 and gave the stock a neutral rating in a report on Monday, April 22nd. TheStreet cut Fluor from a b- rating to a c rating in a research report on Wednesday, February 21st. Finally, KeyCorp started coverage on Fluor in a research report on Wednesday, January 10th. They set a sector weight rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $44.00.

Fluor Price Performance

Fluor stock opened at $39.04 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $6.64 billion, a P/E ratio of 22.69, a PEG ratio of 3.08 and a beta of 2.11. The firm has a fifty day moving average of $39.94 and a 200-day moving average of $38.48. Fluor has a 52-week low of $25.69 and a 52-week high of $43.24.

Fluor (NYSE:FLR) last posted its quarterly earnings data on Friday, May 3rd. The construction company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.07). Fluor had a net margin of 1.97% and a return on equity of 24.98%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts predict that Fluor will post 2.84 EPS for the current year.

Institutional Investors Weigh In On Fluor

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in Fluor in the fourth quarter valued at approximately $27,000. Rise Advisors LLC acquired a new position in shares of Fluor in the 1st quarter valued at $28,000. BKM Wealth Management LLC bought a new position in shares of Fluor in the 4th quarter worth $34,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Fluor during the fourth quarter worth $34,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in Fluor in the fourth quarter valued at about $36,000. 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.