Fluor Corporation (FLR) Receives Overweight Rating from Stephens
Stephens reissued their overweight rating on shares of Fluor Corporation (NYSE:FLR) in a report published on Saturday morning. Stephens currently has a $50.00 price objective on the construction company’s stock, up from their previous price objective of $44.00.
A number of other research analysts have also recently commented on the company. BidaskClub cut Fluor Corporation from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Robert W. Baird reaffirmed a hold rating and set a $40.00 price target on shares of Fluor Corporation in a research report on Tuesday, September 5th. DA Davidson cut Fluor Corporation from a buy rating to a neutral rating and dropped their price target for the company from $55.00 to $48.00 in a research report on Friday, August 4th. Canaccord Genuity set a $48.00 price target on Fluor Corporation and gave the company a buy rating in a research report on Sunday, August 6th. Finally, KeyCorp reaffirmed a buy rating and set a $50.00 price target on shares of Fluor Corporation in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $48.17.
Shares of Fluor Corporation (NYSE FLR) remained flat at $42.61 during midday trading on Friday. 736,111 shares of the company’s stock were exchanged. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The company’s 50 day moving average is $40.84 and its 200-day moving average is $44.69. The firm has a market cap of $5.96 billion, a PE ratio of 53.26 and a beta of 1.40.
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 firm had revenue of $4.72 billion during 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 business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts anticipate that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Fluor Corporation (FLR) Receives Overweight Rating from Stephens” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/15/fluor-corporation-flr-receives-overweight-rating-from-stephens.html.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. Fluor Corporation’s dividend payout ratio (DPR) is 106.33%.
A number of institutional investors and hedge funds have recently modified their holdings of FLR. BlackRock Inc. lifted its holdings in Fluor Corporation by 3,137.9% during the 1st quarter. BlackRock Inc. now owns 9,025,119 shares of the construction company’s stock worth $474,903,000 after purchasing an additional 8,746,386 shares in the last quarter. CI Global Investments Inc. lifted its holdings in Fluor Corporation by 66.8% during the 2nd quarter. CI Global Investments Inc. now owns 4,721,828 shares of the construction company’s stock worth $216,165,000 after purchasing an additional 1,890,300 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Fluor Corporation by 4,064.5% during the 2nd quarter. Janus Henderson Group PLC now owns 577,992 shares of the construction company’s stock worth $26,460,000 after purchasing an additional 564,113 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings 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 purchasing an additional 509,200 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Fluor Corporation by 4.1% during the 1st quarter. Clearbridge Investments LLC now owns 12,415,798 shares of the construction company’s stock worth $653,319,000 after purchasing an additional 487,187 shares in the last quarter. 84.45% of the stock is currently owned by institutional investors and hedge funds.
About Fluor Corporation
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.
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.