Fluor (NYSE:FLR) PT Raised to $47.00 at Citigroup

Fluor (NYSE:FLR) had its price target hoisted by Citigroup from $45.00 to $47.00 in a research report report published on Monday, Benzinga reports. Citigroup currently has a neutral rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on the company. KeyCorp initiated coverage on Fluor in a research report on Wednesday, January 10th. They issued a sector weight rating for the company. Truist Financial restated a buy rating and issued a $46.00 price target on shares of Fluor in a research report on Monday, March 25th. Finally, TheStreet cut Fluor from a b- rating to a c rating in a research report on Wednesday, February 21st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $43.17.

Fluor Price Performance

Fluor stock opened at $40.64 on Monday. Fluor has a one year low of $25.69 and a one year high of $43.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 1.60. The business has a fifty day moving average of $39.47 and a two-hundred day moving average of $38.25. The company has a market cap of $6.92 billion, a P/E ratio of 72.57, a price-to-earnings-growth ratio of 3.20 and a beta of 2.12.

Fluor (NYSE:FLR) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Fluor had a return on equity of 24.25% and a net margin of 0.90%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, analysts predict that Fluor will post 2.84 earnings per share for the current fiscal year.

Institutional Trading of Fluor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC purchased a new stake in Fluor in the 1st quarter valued at about $28,000. GAMMA Investing LLC purchased a new stake in Fluor in the 4th quarter valued at about $27,000. BKM Wealth Management LLC purchased a new stake in Fluor in the 4th quarter valued at about $34,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fluor in the 4th quarter valued at about $34,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Fluor in the 4th quarter valued at about $36,000. Hedge funds and other 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.