Fluor (NYSE:FLR) Price Target Raised to $56.00

Fluor (NYSE:FLR) had its price objective raised by Truist Financial from $51.00 to $56.00 in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the construction company’s stock.

A number of other brokerages have also commented on FLR. KeyCorp lowered Fluor from an “overweight” rating to a “sector weight” rating and set a $41.00 price target on the stock. in a report on Tuesday, July 15th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. UBS Group reduced their price target on shares of Fluor from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, August 6th. Robert W. Baird decreased their price objective on shares of Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fluor in a research note on Tuesday, October 14th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $50.14.

Fluor Stock Performance

Shares of FLR stock opened at $45.74 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50-day moving average of $44.84 and a 200-day moving average of $45.01. Fluor has a one year low of $29.20 and a one year high of $57.50. The company has a market cap of $7.37 billion, a P/E ratio of 1.88 and a beta of 1.59.

Fluor (NYSE:FLR) last issued its quarterly earnings data on Friday, November 7th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. Fluor had a net margin of 25.35% and a return on equity of 9.27%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was down 17.7% compared to the same quarter last year. Fluor has set its FY 2025 guidance at 2.100-2.250 EPS. Equities research analysts forecast that Fluor will post 2.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluor

Hedge funds have recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in shares of Fluor in the second quarter worth $26,000. IFP Advisors Inc bought a new position in Fluor in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. raised its holdings in shares of Fluor by 2,695.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 587 shares of the construction company’s stock valued at $30,000 after acquiring an additional 566 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Fluor during the second quarter worth about $33,000. Finally, CoreCap Advisors LLC grew its stake in Fluor by 129.5% in the 3rd quarter. CoreCap Advisors LLC now owns 723 shares of the construction company’s stock worth $30,000 after buying an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

Fluor Company Profile

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.