Fluor Co. (NEW) (NYSE:FLR) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $27.70.

A number of equities analysts have issued reports on the company. Credit Suisse Group cut their target price on Fluor Co. (NEW) from $31.00 to $24.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. TheStreet lowered Fluor Co. (NEW) from a “c” rating to a “d+” rating in a research report on Friday, August 2nd. Canaccord Genuity raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, August 22nd. Deutsche Bank set a $17.00 target price on Fluor Co. (NEW) and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Citigroup cut their target price on Fluor Co. (NEW) from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Shares of FLR traded down $0.05 during trading on Friday, reaching $18.80. The company’s stock had a trading volume of 128,329 shares, compared to its average volume of 2,280,587. The company has a fifty day moving average of $18.97 and a two-hundred day moving average of $25.65. Fluor Co. has a twelve month low of $16.00 and a twelve month high of $49.45. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 8.74 and a beta of 2.17. The company has a quick ratio of 1.12, a current ratio of 1.38 and a debt-to-equity ratio of 0.97.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 4th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio is currently 39.07%.

Several hedge funds have recently bought and sold shares of FLR. TRUE Private Wealth Advisors acquired a new stake in shares of Fluor Co. (NEW) during the 2nd quarter valued at approximately $35,000. Quadrant Capital Group LLC grew its stake in Fluor Co. (NEW) by 126.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,485 shares of the construction company’s stock worth $45,000 after buying an additional 1,390 shares during the last quarter. NuWave Investment Management LLC grew its stake in Fluor Co. (NEW) by 393.9% during the 3rd quarter. NuWave Investment Management LLC now owns 3,067 shares of the construction company’s stock worth $55,000 after buying an additional 2,446 shares during the last quarter. Rational Advisors LLC grew its stake in Fluor Co. (NEW) by 393.9% during the 3rd quarter. Rational Advisors LLC now owns 3,067 shares of the construction company’s stock worth $59,000 after buying an additional 2,446 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Fluor Co. (NEW) during the 2nd quarter worth $64,000. 89.42% of the stock is currently owned by institutional investors and hedge funds.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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