Fluor Corporation (FLR) Earns Overweight Rating from Stephens

Stephens restated their overweight rating on shares of Fluor Corporation (NYSE:FLR) in a research report released on Saturday morning. They currently have a $50.00 target price on the construction company’s stock, up from their previous target price of $44.00.

Several other analysts have also recently issued reports on the stock. BidaskClub cut shares of Fluor Corporation from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Robert W. Baird restated a hold rating and set a $40.00 target price on shares of Fluor Corporation in a research report on Tuesday, September 5th. DA Davidson cut shares of Fluor Corporation from a buy rating to a neutral rating and decreased their target price for the company from $55.00 to $48.00 in a research report on Friday, August 4th. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a buy rating in a research report on Sunday, August 6th. Finally, KeyCorp restated a buy rating and set a $50.00 target price on shares of Fluor Corporation in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $48.17.

Fluor Corporation (FLR) opened at 42.57 on Friday. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The stock has a 50 day moving average price of $40.84 and a 200 day moving average price of $44.64. The stock has a market cap of $5.96 billion, a P/E ratio of 53.15 and a beta of 1.40.

Fluor Corporation (NYSE:FLR) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, analysts forecast that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Fluor Corporation (FLR) Earns Overweight Rating from Stephens” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/17/fluor-corporation-flr-earns-overweight-rating-from-stephens.html.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is currently 106.33%.

A number of institutional investors have recently bought and sold shares of the stock. RMB Capital Management LLC raised its position in Fluor Corporation by 0.6% in the 1st quarter. RMB Capital Management LLC now owns 5,701 shares of the construction company’s stock worth $300,000 after purchasing an additional 34 shares during the period. CIBC Asset Management Inc raised its position in Fluor Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock worth $605,000 after purchasing an additional 43 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Fluor Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock worth $475,000 after purchasing an additional 48 shares during the period. Advisory Services Network LLC raised its position in Fluor Corporation by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock worth $325,000 after purchasing an additional 50 shares during the period. Finally, ING Groep NV raised its position in Fluor Corporation by 0.8% in the 2nd quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock worth $328,000 after purchasing an additional 55 shares during the period. 8

Several other analysts have also recently issued reports on the stock. BidaskClub cut shares of Fluor Corporation from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Robert W. Baird restated a hold rating and set a $40.00 target price on shares of Fluor Corporation in a research report on Tuesday, September 5th. DA Davidson cut shares of Fluor Corporation from a buy rating to a neutral rating and decreased their target price for the company from $55.00 to $48.00 in a research report on Friday, August 4th. Canaccord Genuity set a $48.00 target price on shares of Fluor Corporation and gave the company a buy rating in a research report on Sunday, August 6th. Finally, KeyCorp restated a buy rating and set a $50.00 target price on shares of Fluor Corporation in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $48.17.

Fluor Corporation (FLR) opened at 42.57 on Friday. Fluor Corporation has a 12-month low of $37.04 and a 12-month high of $58.37. The stock has a 50 day moving average price of $40.84 and a 200 day moving average price of $44.64. The stock has a market cap of $5.96 billion, a P/E ratio of 53.15 and a beta of 1.40.

Fluor Corporation (NYSE:FLR) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.13. The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Fluor Corporation had a net margin of 0.58% and a return on equity of 13.80%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, analysts forecast that Fluor Corporation will post $1.50 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Fluor Corporation (FLR) Earns Overweight Rating from Stephens” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/17/fluor-corporation-flr-earns-overweight-rating-from-stephens.html.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, August 31st. Fluor Corporation’s dividend payout ratio (DPR) is currently 106.33%.

A number of institutional investors have recently bought and sold shares of the stock. RMB Capital Management LLC raised its position in Fluor Corporation by 0.6% in the 1st quarter. RMB Capital Management LLC now owns 5,701 shares of the construction company’s stock worth $300,000 after purchasing an additional 34 shares during the period. CIBC Asset Management Inc raised its position in Fluor Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 13,224 shares of the construction company’s stock worth $605,000 after purchasing an additional 43 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Fluor Corporation by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,385 shares of the construction company’s stock worth $475,000 after purchasing an additional 48 shares during the period. Advisory Services Network LLC raised its position in Fluor Corporation by 0.7% in the 2nd quarter. Advisory Services Network LLC now owns 7,109 shares of the construction company’s stock worth $325,000 after purchasing an additional 50 shares during the period. Finally, ING Groep NV raised its position in Fluor Corporation by 0.8% in the 2nd quarter. ING Groep NV now owns 7,165 shares of the construction company’s stock worth $328,000 after purchasing an additional 55 shares during the period. 84.50% of the stock is currently owned by institutional investors.

Fluor Corporation Company Profile

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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