Fluor Co. (NEW) (FLR) Downgraded by TheStreet to C

TheStreet lowered shares of Fluor Co. (NEW) (NYSE:FLR) from a b- rating to a c rating in a research note issued to investors on Thursday morning.

Other analysts have also recently issued research reports about the company. Canaccord Genuity upgraded Fluor Co. (NEW) from a hold rating to a buy rating in a report on Friday, August 17th. Zacks Investment Research cut Fluor Co. (NEW) from a buy rating to a hold rating in a report on Tuesday, July 10th. ValuEngine upgraded Fluor Co. (NEW) from a hold rating to a buy rating in a report on Friday, August 3rd. MKM Partners set a $56.00 target price on Fluor Co. (NEW) and gave the stock a hold rating in a report on Wednesday, September 19th. Finally, UBS Group upgraded Fluor Co. (NEW) from a neutral rating to a buy rating and increased their target price for the stock from $48.00 to $69.00 in a report on Monday, August 13th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $59.46.

Shares of FLR stock opened at $45.97 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market cap of $6.46 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.67. Fluor Co. has a 52 week low of $42.22 and a 52 week high of $62.09.

Fluor Co. (NEW) (NYSE:FLR) last announced its earnings results on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.66 billion. Fluor Co. (NEW) had a return on equity of 11.25% and a net margin of 1.21%. Fluor Co. (NEW)’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, equities analysts predict that Fluor Co. will post 2.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.83%. The ex-dividend date is Monday, December 3rd. Fluor Co. (NEW)’s dividend payout ratio is 51.53%.

Institutional investors have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA boosted its holdings in Fluor Co. (NEW) by 5,010.0% in the second quarter. San Francisco Sentry Investment Group CA now owns 2,044 shares of the construction company’s stock valued at $100,000 after acquiring an additional 2,004 shares during the last quarter. Zions Bancorporation bought a new position in Fluor Co. (NEW) in the third quarter valued at about $122,000. Whittier Trust Co. boosted its holdings in Fluor Co. (NEW) by 393.4% in the second quarter. Whittier Trust Co. now owns 2,985 shares of the construction company’s stock valued at $230,000 after acquiring an additional 2,380 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Fluor Co. (NEW) in the second quarter valued at about $163,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Fluor Co. (NEW) by 133.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,380 shares of the construction company’s stock valued at $260,000 after acquiring an additional 1,930 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company's Energy & Chemicals segment offers a range of design, engineering, procurement, construction, fabrication, and project management services in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets.

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