Fluor Corporation (FLR) Given a $53.00 Price Target at Citigroup Inc.

Fluor Corporation (NYSE:FLR) received a $53.00 price target from investment analysts at Citigroup Inc. in a report released on Friday, October 27th. The firm currently has a “buy” rating on the construction company’s stock. Citigroup Inc.’s target price points to a potential upside of 12.67% from the stock’s current price.

Several other research firms have also commented on FLR. BidaskClub lowered shares of Fluor Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. DA Davidson downgraded shares of Fluor Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $48.00 in a research report on Friday, August 4th. Deutsche Bank AG downgraded shares of Fluor Corporation from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $40.00 in a research report on Friday, August 4th. Stephens reissued an “overweight” rating and set a $50.00 target price (up from $44.00) on shares of Fluor Corporation in a research report on Saturday, October 14th. Finally, Seaport Global Securities reissued a “neutral” rating and set a $44.00 target price (down from $50.00) on shares of Fluor Corporation in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $47.45.

Shares of Fluor Corporation (NYSE:FLR) traded down $0.01 on Friday, reaching $47.04. 895,200 shares of the company’s stock were exchanged, compared to its average volume of 1,419,585. Fluor Corporation has a twelve month low of $37.03 and a twelve month high of $58.37. The company has a market capitalization of $6,581.13, a PE ratio of 16.92, a P/E/G ratio of 3.28 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.46.

Fluor Corporation (NYSE:FLR) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.73 billion. Fluor Corporation had a net margin of 1.03% and a return on equity of 11.69%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. research analysts forecast that Fluor Corporation will post 1.56 EPS for the current fiscal year.

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Institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in Fluor Corporation by 15.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,761 shares of the construction company’s stock worth $832,000 after purchasing an additional 2,592 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Fluor Corporation by 35.8% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 40,892 shares of the construction company’s stock worth $1,872,000 after purchasing an additional 10,782 shares during the period. BlueMountain Capital Management LLC raised its position in Fluor Corporation by 105.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 46,527 shares of the construction company’s stock worth $2,130,000 after purchasing an additional 23,837 shares during the period. Wells Fargo & Company MN grew its holdings in Fluor Corporation by 14.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,233,461 shares of the construction company’s stock worth $56,466,000 after acquiring an additional 156,705 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Fluor Corporation by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 797,160 shares of the construction company’s stock worth $36,490,000 after acquiring an additional 7,877 shares during the last quarter. Hedge funds and other institutional investors own 84.06% of the company’s stock.

About Fluor Corporation

Fluor Corporation (Fluor) is a holding company. The Company operates its business in four segments: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Government, and Maintenance, Modification & Asset Integrity (MMAI). The Company, through its subsidiaries, offers professional services providing engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services on a global basis.

Analyst Recommendations for Fluor Corporation (NYSE:FLR)

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