Fluor Corporation (FLR) Given Consensus Rating of “Hold” by Analysts

Fluor Corporation (NYSE:FLR) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $47.45.

Several equities analysts recently weighed in on FLR shares. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a “buy” rating in a research note on Sunday, August 6th. Seaport Global Securities reaffirmed a “neutral” rating and set a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a research note on Wednesday, October 11th. Deutsche Bank AG cut shares of Fluor Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Friday, August 4th. Stephens reaffirmed an “overweight” rating and set a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research note on Saturday, October 14th. Finally, Credit Suisse Group cut their target price on shares of Fluor Corporation from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd.

COPYRIGHT VIOLATION NOTICE: “Fluor Corporation (FLR) Given Consensus Rating of “Hold” by Analysts” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://sportsperspectives.com/2017/11/18/fluor-corporation-flr-given-consensus-rating-of-hold-by-analysts.html.

A number of hedge funds have recently added to or reduced their stakes in the business. Coastline Trust Co lifted its position in Fluor Corporation by 63.2% during the third quarter. Coastline Trust Co now owns 11,960 shares of the construction company’s stock valued at $504,000 after purchasing an additional 4,630 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in Fluor Corporation during the third quarter valued at $1,909,000. Robinson Value Management Ltd. lifted its position in Fluor Corporation by 324.4% during the third quarter. Robinson Value Management Ltd. now owns 70,156 shares of the construction company’s stock valued at $2,954,000 after purchasing an additional 53,627 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Fluor Corporation in the 3rd quarter worth about $226,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Fluor Corporation by 10.7% in the 3rd quarter. California Public Employees Retirement System now owns 367,424 shares of the construction company’s stock worth $15,469,000 after acquiring an additional 35,512 shares during the last quarter. Institutional investors and hedge funds own 82.71% of the company’s stock.

Shares of Fluor Corporation (NYSE:FLR) traded up $0.28 during midday trading on Monday, hitting $46.70. 1,323,760 shares of the stock were exchanged, compared to its average volume of 1,424,947. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6,500.00, a PE ratio of 16.42, a PEG ratio of 3.18 and a beta of 1.42. Fluor Corporation has a 1 year low of $37.03 and a 1 year high of $58.37.

Fluor Corporation (NYSE:FLR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The firm had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share. sell-side analysts expect that Fluor Corporation will post 1.56 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, December 4th. This represents a $0.84 annualized dividend and a yield of 1.80%. Fluor Corporation’s dividend payout ratio (DPR) is currently 58.74%.

Fluor Corporation Company Profile

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Analyst Recommendations for Fluor Corporation (NYSE:FLR)

Receive News & Ratings for Fluor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply