Analysts’ Weekly Ratings Updates for Fluor Co. (NEW) (FLR)

A number of research firms have changed their ratings and price targets for Fluor Co. (NEW) (NYSE: FLR):

  • 11/3/2018 – Fluor Co. (NEW) was given a new $55.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/2/2018 – Fluor Co. (NEW) had its price target lowered by analysts at Robert W. Baird from $59.00 to $50.00. They now have a “hold” rating on the stock.
  • 11/2/2018 – Fluor Co. (NEW) was given a new $49.00 price target on by analysts at MKM Partners. They now have a “hold” rating on the stock.
  • 11/1/2018 – Fluor Co. (NEW) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 10/18/2018 – Fluor Co. (NEW) was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $59.00 price target on the stock.
  • 10/12/2018 – Fluor Co. (NEW) was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Shares of Fluor have outperformed the industry year to date. The outperformance was backed by a solid earnings surprise history, beating the consensus mark in three of the past four quarters, with the average being 3.3%. Fluor’s market diversity remains a key strength that helps it mitigate the cyclicality of markets in which it operates. Strong focus on streamlining business structure to boost profitability is also encouraging. Also, stabilizing commodity prices and gradual improvement in energy and mining sectors are anticipated to unlock further opportunities for growth. The recent contract win for LNG Canada project is expected to provide much support to its backlog, which has been under pressure for the last few quarters. However, the company's dismal third-quarter 2018 preliminary results raise concern. Estimates have also been trending downward over the past seven days.”
  • 10/12/2018 – Fluor Co. (NEW) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/11/2018 – Fluor Co. (NEW) had its “hold” rating reaffirmed by analysts at MKM Partners. They now have a $56.00 price target on the stock.
  • 10/11/2018 – Fluor Co. (NEW) was given a new $66.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.
  • 10/11/2018 – Fluor Co. (NEW) was given a new $67.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.
  • 10/11/2018 – Fluor Co. (NEW) was given a new $69.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 9/19/2018 – Fluor Co. (NEW) was given a new $56.00 price target on by analysts at MKM Partners. They now have a “hold” rating on the stock.

Shares of NYSE FLR traded up $0.84 during trading on Tuesday, hitting $48.17. 1,787,169 shares of the company were exchanged, compared to its average volume of 1,495,136. The firm has a market capitalization of $6.47 billion, a P/E ratio of 29.55, a PEG ratio of 0.65 and a beta of 1.67. Fluor Co. has a 1 year low of $42.22 and a 1 year high of $62.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.52.

Fluor Co. (NEW) (NYSE:FLR) last issued 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). Fluor Co. (NEW) had a return on equity of 11.31% and a net margin of 1.21%. The company had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.66 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Fluor Co. (NEW)’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Fluor Co. will post 2.55 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 4th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 3rd. This represents a $0.84 annualized dividend and a dividend yield of 1.74%. Fluor Co. (NEW)’s dividend payout ratio is presently 51.53%.

Several institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in shares of Fluor Co. (NEW) by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 72,293 shares of the construction company’s stock worth $4,200,000 after buying an additional 1,973 shares in the last quarter. Comerica Securities Inc. purchased a new stake in shares of Fluor Co. (NEW) in the 3rd quarter worth about $206,000. CIBC Asset Management Inc boosted its position in shares of Fluor Co. (NEW) by 45.0% in the 3rd quarter. CIBC Asset Management Inc now owns 19,350 shares of the construction company’s stock worth $1,124,000 after buying an additional 6,004 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Fluor Co. (NEW) in the 3rd quarter worth about $122,000. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Fluor Co. (NEW) in the 3rd quarter worth about $670,000. Institutional investors and hedge funds own 88.45% of the company’s stock.

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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