Fluor (NYSE:FLR) Given Buy Rating at Truist Financial

Fluor (NYSE:FLR)‘s stock had its “buy” rating restated by stock analysts at Truist Financial in a report released on Monday, Benzinga reports. They currently have a $62.00 target price on the construction company’s stock, down from their previous target price of $71.00. Truist Financial‘s price objective would indicate a potential upside of 33.92% from the company’s current price.

Several other equities analysts have also issued reports on the company. Citigroup reissued a “buy” rating on shares of Fluor in a research note on Friday, October 23rd. Barclays raised their price objective on shares of Fluor from $40.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, August 10th. UBS Group lifted their price objective on shares of Fluor from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Fluor from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Wall Street Zen lowered shares of Fluor from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Fluor presently has an average rating of “Hold” and a consensus price target of $60.33.

Fluor Stock Down 0.4%

Shares of NYSE:FLR opened at $46.30 on Monday. Fluor has a 1 year low of $39.33 and a 1 year high of $58.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.83 and a quick ratio of 1.80. The business’s 50-day moving average is $50.43 and its 200-day moving average is $49.34. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -6.79, a P/E/G ratio of 0.96 and a beta of 1.22.

Fluor (NYSE:FLR) last released its earnings results on Friday, November 6th. The construction company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.03). Fluor had a positive return on equity of 10.52% and a negative net margin of 7.19%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the business earned $0.68 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts predict that Fluor will post 2.69 earnings per share for the current year.

Institutional Trading of Fluor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Fluor during the 2nd quarter worth approximately $25,000. GK Wealth Management LLC acquired a new stake in Fluor in the third quarter valued at approximately $26,000. Latitude Advisors LLC bought a new stake in shares of Fluor during the third quarter valued at approximately $28,000. Reyes Financial Architecture Inc. bought a new stake in shares of Fluor during the third quarter valued at approximately $28,000. Finally, Ancora Advisors LLC acquired a new position in shares of Fluor during the second quarter worth approximately $31,000. 88.07% of the stock is owned by institutional investors.

Fluor Company Profile

Fluor Corporation is a global engineering and construction company that provides engineering, procurement, construction, maintenance and project-management services. It works with clients to plan and deliver complex projects, and also provides services for facility operations, upgrades and decommissioning.

The company serves customers in sectors including energy, chemicals, mining and metals, infrastructure, advanced technologies and life sciences. Through its government-focused work, Fluor also supports federal agencies and government programs, including projects involving environmental remediation and national security.

Founded in 1912, Fluor is headquartered in Irving, Texas, and undertakes projects in the United States and internationally.