Fluor Corporation (NYSE:FLR) Receives $49.57 Consensus Target Price from Brokerages

Shares of Fluor Corporation (NYSE:FLR) have received an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $49.5714.

A number of equities analysts recently commented on the company. Robert W. Baird decreased their target price on Fluor from $55.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Citigroup cut their target price on shares of Fluor from $71.00 to $57.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. DA Davidson increased their price target on shares of Fluor from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. UBS Group reduced their target price on Fluor from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Truist Financial raised their target price on Fluor from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, November 10th.

Fluor Trading Up 0.2%

NYSE:FLR opened at $41.20 on Friday. The firm has a market capitalization of $6.64 billion, a P/E ratio of 1.70 and a beta of 1.59. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $44.90 and a 200 day moving average of $45.26. Fluor has a 52 week low of $29.20 and a 52 week high of $57.50.

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

Institutional Investors Weigh In On Fluor

Several hedge funds have recently bought and sold shares of the business. DLD Asset Management LP bought a new stake in shares of Fluor in the 2nd quarter worth approximately $1,025,400,000. Rubric Capital Management LP boosted its holdings in Fluor by 12.5% in the third quarter. Rubric Capital Management LP now owns 4,500,000 shares of the construction company’s stock worth $189,315,000 after acquiring an additional 500,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fluor by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,137,672 shares of the construction company’s stock worth $174,077,000 after acquiring an additional 328,122 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Fluor by 43.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,646,837 shares of the construction company’s stock worth $130,630,000 after purchasing an additional 1,104,350 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Fluor by 27.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,280,423 shares of the construction company’s stock valued at $138,007,000 after purchasing an additional 704,779 shares during the last quarter. 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.