Fluor (NYSE:FLR) Price Target Lowered to $43.00 at Robert W. Baird

Fluor (NYSE:FLR) had its price objective dropped by equities research analysts at Robert W. Baird from $46.00 to $43.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 15.59% from the stock’s previous close.

FLR has been the topic of a number of other research reports. KeyCorp boosted their price target on shares of Fluor from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Barclays set a $40.00 price target on Fluor and gave the company an “equal weight” rating in a research report on Thursday, February 27th. StockNews.com upgraded Fluor from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup lowered their price objective on shares of Fluor from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Baird R W downgraded shares of Fluor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.29.

Fluor Stock Up 2.3 %

NYSE FLR opened at $37.20 on Thursday. The company has a market capitalization of $6.25 billion, a P/E ratio of 3.05, a PEG ratio of 1.36 and a beta of 1.73. Fluor has a 12 month low of $34.01 and a 12 month high of $60.10. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.69 and a quick ratio of 1.77. The company’s 50 day simple moving average is $41.08 and its 200 day simple moving average is $47.91.

Fluor (NYSE:FLR) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.30). Fluor had a return on equity of 15.14% and a net margin of 13.14%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.42 billion. Equities research analysts expect that Fluor will post 2.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fluor

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Fluor by 21.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,566 shares of the construction company’s stock valued at $472,000 after buying an additional 1,696 shares in the last quarter. Neo Ivy Capital Management increased its holdings in shares of Fluor by 45.2% during the 4th quarter. Neo Ivy Capital Management now owns 65,943 shares of the construction company’s stock valued at $3,252,000 after acquiring an additional 20,541 shares during the last quarter. State of Wyoming raised its stake in shares of Fluor by 165.6% in the 4th quarter. State of Wyoming now owns 5,068 shares of the construction company’s stock valued at $250,000 after acquiring an additional 3,160 shares in the last quarter. Tema Etfs LLC acquired a new stake in Fluor in the 4th quarter worth approximately $5,317,000. Finally, Point72 Hong Kong Ltd grew its holdings in Fluor by 15.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 43,248 shares of the construction company’s stock valued at $2,133,000 after purchasing an additional 5,849 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

About Fluor

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.