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.
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.
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.
See also: What is a reverse stock split?
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Fluor right now?
Before you consider Fluor, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Fluor didn’t make the list.
Although Fluor currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here