Fluor Co. (NEW) (FLR) PT Set at $55.00 by Barclays

Fluor Co. (NEW) (NYSE:FLR) has been assigned a $55.00 price target by investment analysts at Barclays in a research report issued on Saturday. The brokerage currently has a “hold” rating on the construction company’s stock. Barclays’ target price would indicate a potential upside of 19.64% from the company’s previous close.

A number of other research analysts also recently commented on FLR. TheStreet downgraded Fluor Co. (NEW) from a “b-” rating to a “c” rating in a report on Thursday. MKM Partners set a $49.00 price target on Fluor Co. (NEW) and gave the company a “hold” rating in a report on Friday. Zacks Investment Research downgraded Fluor Co. (NEW) from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Robert W. Baird reduced their price target on Fluor Co. (NEW) from $59.00 to $50.00 and set a “hold” rating for the company in a report on Friday. Finally, Canaccord Genuity raised Fluor Co. (NEW) from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $59.08.

Shares of NYSE FLR opened at $45.97 on Friday. Fluor Co. has a 1-year low of $42.22 and a 1-year high of $62.09. The company has a quick ratio of 1.03, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $6.46 billion, a PE ratio of 28.20, a P/E/G ratio of 0.61 and a beta of 1.67.

Fluor Co. (NEW) (NYSE:FLR) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Fluor Co. (NEW) had a net margin of 1.21% and a return on equity of 11.25%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 EPS. On average, research analysts anticipate that Fluor Co. will post 2.55 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FLR. San Francisco Sentry Investment Group CA raised its stake in Fluor Co. (NEW) by 5,010.0% during 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 buying an additional 2,004 shares in the last quarter. Zions Bancorporation acquired a new stake in Fluor Co. (NEW) during the third quarter valued at approximately $122,000. Tower Research Capital LLC TRC acquired a new stake in Fluor Co. (NEW) during the second quarter valued at approximately $163,000. CLARET ASSET MANAGEMENT Corp acquired a new stake in Fluor Co. (NEW) during the third quarter valued at approximately $207,000. Finally, First Hawaiian Bank acquired a new stake in Fluor Co. (NEW) during the third quarter valued at approximately $212,000. Hedge funds and other institutional investors 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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Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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