Fluor Corporation (NYSE:FLR)‘s stock had its “neutral” rating reissued by equities research analysts at Seaport Global Securities in a research note issued to investors on Wednesday. They currently have a $44.00 price target on the construction company’s stock. Seaport Global Securities’ price target suggests a potential upside of 3.26% from the stock’s current price. Seaport Global Securities also issued estimates for Fluor Corporation’s Q3 2017 earnings at $0.60 EPS, Q4 2017 earnings at $0.69 EPS, FY2017 earnings at $1.56 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.53 EPS and FY2019 earnings at $2.78 EPS.

A number of other brokerages also recently issued reports on FLR. BidaskClub raised Fluor Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. DA Davidson downgraded Fluor Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $55.00 to $48.00 in a research note on Friday, August 4th. Deutsche Bank AG downgraded Fluor Corporation from a “buy” rating to a “hold” rating and dropped their price objective for the company from $55.00 to $40.00 in a research note on Friday, August 4th. KeyCorp reissued a “buy” rating and issued a $50.00 price objective on shares of Fluor Corporation in a research note on Friday, September 22nd. Finally, Johnson Rice downgraded Fluor Corporation from a “buy” rating to an “accumulate” rating and dropped their price objective for the company from $62.00 to $48.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Fluor Corporation presently has a consensus rating of “Hold” and an average price target of $48.00.

Shares of Fluor Corporation (NYSE FLR) traded up 0.07% during midday trading on Wednesday, hitting $42.64. The company’s stock had a trading volume of 344,888 shares. The company has a 50-day moving average price of $40.60 and a 200 day moving average price of $44.81. The company has a market cap of $5.97 billion, a P/E ratio of 53.23 and a beta of 1.40. Fluor Corporation has a 1-year low of $37.04 and a 1-year high of $58.37.

Fluor Corporation (NYSE:FLR) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.13. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.94 billion. Fluor Corporation had a return on equity of 13.80% and a net margin of 0.58%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. On average, equities research analysts predict that Fluor Corporation will post $1.50 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/13/seaport-global-securities-reiterates-neutral-rating-for-fluor-corporation-flr.html.

Hedge funds have recently bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Fluor Corporation by 35.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock worth $1,872,000 after buying an additional 10,782 shares during the period. BlueMountain Capital Management LLC raised its stake in Fluor Corporation by 105.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after buying an additional 23,837 shares during the period. Wells Fargo & Company MN raised its stake in Fluor Corporation by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after buying an additional 156,705 shares during the period. Legal & General Group Plc raised its stake in Fluor Corporation by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock worth $36,490,000 after buying an additional 7,877 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Fluor Corporation by 1,807.7% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 537,369 shares of the construction company’s stock worth $26,482,000 after buying an additional 509,200 shares during the period. 84.45% of the stock is currently owned by institutional investors and hedge funds.

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 & Stock 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 stocks with our FREE daily email newsletter.