Fluor Co. (NYSE:FLR) Receives Consensus Rating of “Hold” from Analysts


Shares of Fluor Co. (NYSE:FLR) earned an average recommendation of “Hold” from the seven rating agencies that currently cover the company, MarketBeat Ratings reports. Five equity research analysts rated the stock with a hold recommendation and one issued a buy recommendation on the company. The 12-month average target price among analysts who have rated the stock over the past year is $22.60.

FLR has been the subject of several recent research reports. Bank of America downgraded Fluor’s shares from an “underperforming” to a “neutral” rating and set a price target of $24.00 for the company in a Monday, November 15 research report. TheStreet upgraded Fluor’s shares from a “d+” rating to a “c-” rating in a Tuesday, November 9 research report. Finally, Credit Suisse Group raised its price target on Fluor shares from $20.00 to $23.00 and gave the company a “neutral” rating in a Monday, Nov. 8 research report.

Several institutional investors and hedge funds have recently changed their positions in FLR. First Trust Advisors LP increased its holdings of Fluoride shares by 579.5% in Q1. First Trust Advisors LP now owns 141,476 shares of the construction company valued at $5,206,000 after buying an additional 120,656 shares last quarter. Envestnet Asset Management Inc. increased its holdings of Fluorine stocks by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 75,839 shares of the construction company valued at $1,342,000 after buying 3,661 additional shares last quarter. The Swiss National Bank increased its stake in Fluor by 1.6% during the second quarter. The Swiss National Bank now owns 310,200 shares of the construction company worth $5,491,000 after acquiring 5,000 more shares last quarter. Principal Financial Group Inc. increased its stake in Fluor by 1.7% during the second quarter. Principal Financial Group Inc. now owns 443,782 shares of the construction company worth $7,855,000 after acquiring an additional 7,222 shares last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Fluor by 5.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 22,517 shares of the construction company worth $399,000 after acquiring 1,217 additional shares in the last quarter. Institutional investors and hedge funds hold 86.50% of the company’s shares.

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Shares of NYSE:FLR traded down $0.16 during Friday’s midday session, hitting $23.12. 1,052,076 shares of the company were traded, against an average volume of 1,163,747. The company has a debt ratio of 0.63, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $3.27 billion, a price-earnings ratio of -15.94 and a beta of 2.87. The company’s 50-day simple moving average is $23.55 and its 200-day simple moving average is $19.23. Fluor has a 1-year low of $14.41 and a 1-year high of $25.68.

Fluor Inc (NYSE:FLR) last released quarterly earnings data on Friday, November 5. The construction company reported earnings per share of $0.23 for the quarter, beating the Zacks consensus estimate of $0.15 by $0.08. The company posted revenue of $3.10 billion in the quarter, compared to $3.21 billion expected by analysts. Fluor had a negative net margin of 1.47% and a negative return on equity of 0.74%. The company’s quarterly revenue was down 10.2% year over year. In the same quarter last year, the company posted EPS of $0.62. On average, research analysts expect Fluor to post 0.9 earnings per share for the current fiscal year.

About Fluoride

Fluor Corp. operates as a holding company. The company provides engineering, procurement, construction, manufacturing and modularization, operations, maintenance and asset integrity services, as well as project management services, globally . It operates through the following segments: Energy and Chemicals, Mining and Industry, Infrastructure and Power, Diversified Services and Government.

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Analyst Recommendations for Fluorine (NYSE:FLR)

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