Fluor (NYSE:FLR) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

FLR has been the subject of several other research reports. Citigroup set a $69.00 target price on shares of Fluor and gave the stock a “buy” rating in a report on Friday, May 4th. Vertical Research downgraded shares of Fluor from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Friday, May 4th. Credit Suisse Group raised shares of Fluor from a “neutral” rating to an “outperform” rating and set a $71.00 target price for the company in a report on Thursday, January 18th. Barclays set a $60.00 target price on shares of Fluor and gave the stock a “hold” rating in a report on Thursday, May 3rd. Finally, MKM Partners set a $56.00 target price on shares of Fluor and gave the stock a “hold” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.07.

Shares of FLR stock opened at $49.25 on Thursday. The stock has a market cap of $6.59 billion, a P/E ratio of 30.21, a P/E/G ratio of 0.71 and a beta of 1.48. The company has a quick ratio of 1.01, a current ratio of 1.40 and a debt-to-equity ratio of 0.51. Fluor has a 52 week low of $48.78 and a 52 week high of $49.97.

Fluor (NYSE:FLR) last announced its earnings results on Thursday, May 3rd. The construction company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.25). The company had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.69 billion. Fluor had a return on equity of 11.08% and a net margin of 0.58%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. research analysts forecast that Fluor will post 2.88 EPS for the current year.

In other news, Chairman David Thomas Seaton sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $56.72, for a total value of $2,836,000.00. Following the completion of the transaction, the chairman now directly owns 302,312 shares in the company, valued at approximately $17,147,136.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bruce A. Stanski sold 3,718 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $57.44, for a total transaction of $213,561.92. Following the completion of the transaction, the chief financial officer now owns 61,802 shares of the company’s stock, valued at $3,549,906.88. The disclosure for this sale can be found here. Insiders sold a total of 121,218 shares of company stock valued at $6,953,603 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado raised its position in shares of Fluor by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 26,216 shares of the construction company’s stock valued at $1,354,000 after buying an additional 891 shares in the last quarter. Bank of Hawaii raised its position in shares of Fluor by 12.1% in the 4th quarter. Bank of Hawaii now owns 9,071 shares of the construction company’s stock valued at $469,000 after buying an additional 981 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Fluor by 3.4% in the 4th quarter. Scotia Capital Inc. now owns 34,207 shares of the construction company’s stock valued at $1,767,000 after buying an additional 1,115 shares in the last quarter. Aperio Group LLC raised its position in shares of Fluor by 2.7% in the 4th quarter. Aperio Group LLC now owns 45,358 shares of the construction company’s stock valued at $2,343,000 after buying an additional 1,186 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Fluor by 10.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 13,246 shares of the construction company’s stock valued at $791,000 after buying an additional 1,201 shares in the last quarter. Institutional investors own 85.76% of the company’s stock.

Fluor Company Profile

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fluor (NYSE:FLR)

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