Fluor (NYSE:FLR) Given New $48.00 Price Target at Robert W. Baird

Fluor (NYSE:FLRGet Free Report) had its price target upped by equities research analysts at Robert W. Baird from $45.00 to $48.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s price target points to a potential downside of 1.01% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. UBS Group decreased their price objective on shares of Fluor from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. DA Davidson lifted their price target on Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Truist Financial increased their price objective on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a report on Monday, November 10th. Wall Street Zen upgraded Fluor from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fluor in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.86.

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Fluor Stock Performance

Shares of FLR opened at $48.49 on Wednesday. Fluor has a 1 year low of $29.20 and a 1 year high of $57.50. The stock has a market capitalization of $7.82 billion, a PE ratio of 2.47, a PEG ratio of 6.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a 50-day simple moving average of $44.06 and a 200-day simple moving average of $43.75.

Fluor (NYSE:FLRGet Free Report) last issued its earnings results on Tuesday, February 17th. The construction company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Fluor had a net margin of 21.71% and a return on equity of 8.32%. The firm had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same period last year, the business earned $0.48 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, analysts predict that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLR. SG Americas Securities LLC boosted its holdings in shares of Fluor by 472.4% in the third quarter. SG Americas Securities LLC now owns 122,727 shares of the construction company’s stock valued at $5,163,000 after acquiring an additional 101,288 shares in the last quarter. Pacific Heights Asset Management LLC lifted its position in Fluor by 35.4% in the third quarter. Pacific Heights Asset Management LLC now owns 325,000 shares of the construction company’s stock valued at $13,673,000 after purchasing an additional 85,000 shares during the period. Quadrant Private Wealth Management LLC purchased a new stake in Fluor in the 3rd quarter valued at approximately $3,475,000. Intech Investment Management LLC increased its position in Fluor by 99.9% during the 2nd quarter. Intech Investment Management LLC now owns 299,601 shares of the construction company’s stock worth $15,361,000 after purchasing an additional 149,716 shares during the period. Finally, Lingohr Asset Management GmbH raised its stake in shares of Fluor by 792.4% during the 3rd quarter. Lingohr Asset Management GmbH now owns 85,669 shares of the construction company’s stock worth $3,604,000 after buying an additional 76,069 shares in the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

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Fluor Company Profile

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Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.

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