Fluor Corp. (NYSE:FLR) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Fluor Corp. (NYSE:FLR) have been given an average rating of “Hold” by the twenty-one ratings firms that are presently covering the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $52.92.
Several equities analysts recently weighed in on the stock. Credit Suisse Group AG set a $59.00 price target on shares of Fluor Corp. and gave the company a “buy” rating in a research report on Wednesday, August 31st. DA Davidson reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Tuesday, August 16th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Fluor Corp. in a report on Tuesday, August 16th. Zacks Investment Research raised shares of Fluor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Bank of America Corp. reaffirmed a “sell” rating and set a $50.00 price objective on shares of Fluor Corp. in a report on Friday, August 5th.
A number of hedge funds and other institutional investors have recently modified their holdings of FLR. Citizens Financial Group Inc RI boosted its position in shares of Fluor Corp. by 11.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,006 shares of the company’s stock worth $108,000 after buying an additional 200 shares during the last quarter. BlueMountain Capital Management LLC boosted its position in shares of Fluor Corp. by 107.3% in the first quarter. BlueMountain Capital Management LLC now owns 2,303 shares of the company’s stock worth $124,000 after buying an additional 1,192 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Fluor Corp. during the second quarter worth approximately $128,000. IFP Advisors Inc boosted its position in shares of Fluor Corp. by 23.3% in the first quarter. IFP Advisors Inc now owns 2,801 shares of the company’s stock worth $150,000 after buying an additional 529 shares during the last quarter. Finally, Investment Counselors of Maryland LLC boosted its position in shares of Fluor Corp. by 3.4% in the second quarter. Investment Counselors of Maryland LLC now owns 3,022 shares of the company’s stock worth $149,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.
Fluor Corp. (NYSE:FLR) opened at 48.62 on Wednesday. Fluor Corp. has a 12 month low of $39.48 and a 12 month high of $55.69. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 21.27 and a beta of 1.85. The stock’s 50 day moving average is $52.19 and its 200-day moving average is $52.04.
Fluor Corp. (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.16. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.73 billion. Fluor Corp. had a net margin of 1.81% and a return on equity of 15.45%. Fluor Corp.’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. Equities analysts anticipate that Fluor Corp. will post $3.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, August 31st. Fluor Corp.’s payout ratio is currently 37.00%.
Fluor Corp. Company Profile
Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power.
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