Fluor Co. (NEW)’s (FLR) Hold Rating Reiterated at Barclays

Fluor Co. (NEW) (NYSE:FLR)‘s stock had its “hold” rating reiterated by analysts at Barclays in a research report issued on Sunday, AnalystRatings.com reports. They currently have a $28.00 target price on the construction company’s stock. Barclays‘s price target indicates a potential upside of 23.51% from the stock’s previous close.

Several other research firms have also issued reports on FLR. Canaccord Genuity lifted their price target on Fluor Co. (NEW) from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Zacks Investment Research lowered Fluor Co. (NEW) from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 7th. UBS Group decreased their target price on Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Citigroup decreased their target price on Fluor Co. (NEW) from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday. Finally, DA Davidson decreased their target price on Fluor Co. (NEW) to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Fluor Co. (NEW) presently has a consensus rating of “Hold” and a consensus price target of $42.18.

Shares of FLR traded down $8.24 during trading hours on Friday, hitting $22.67. The company had a trading volume of 10,347,505 shares, compared to its average volume of 1,211,222. The company’s fifty day moving average is $31.89. The company has a quick ratio of 1.04, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.33 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.46 and a beta of 2.04. Fluor Co. has a 52-week low of $22.10 and a 52-week high of $60.60.

Fluor Co. (NEW) (NYSE:FLR) last posted its quarterly earnings results on Thursday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.19). The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Fluor Co. (NEW) had a positive return on equity of 6.73% and a negative net margin of 2.74%. Fluor Co. (NEW)’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. On average, sell-side analysts predict that Fluor Co. will post 1.63 EPS for the current year.

In other news, CEO Carlos M. Hernandez purchased 17,001 shares of the business’s stock in a transaction on Monday, May 13th. The stock was acquired at an average cost of $29.52 per share, for a total transaction of $501,869.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alan L. Boeckmann purchased 16,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were purchased at an average price of $29.81 per share, with a total value of $476,960.00. Following the completion of the purchase, the insider now owns 17,250 shares in the company, valued at $514,222.50. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Several large investors have recently made changes to their positions in FLR. Usca Ria LLC purchased a new stake in shares of Fluor Co. (NEW) during the 2nd quarter worth approximately $263,000. Comerica Bank raised its holdings in shares of Fluor Co. (NEW) by 174.8% during the 2nd quarter. Comerica Bank now owns 83,997 shares of the construction company’s stock worth $2,698,000 after acquiring an additional 53,433 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Fluor Co. (NEW) by 10.7% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 22,023 shares of the construction company’s stock worth $739,000 after acquiring an additional 2,130 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in shares of Fluor Co. (NEW) during the 2nd quarter worth approximately $35,000. Finally, Coastal Investment Advisors Inc. raised its holdings in shares of Fluor Co. (NEW) by 674.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,904 shares of the construction company’s stock worth $65,000 after acquiring an additional 1,658 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

Further Reading: What can cause a stock to outperform?

Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

Receive News & Ratings for Fluor Co. (NEW) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fluor Co. (NEW) and related companies with MarketBeat.com's FREE daily email newsletter.