Fluor Co. (NEW) (NYSE:FLR) Given Average Recommendation of “Hold” by Brokerages

Shares of Fluor Co. (NEW) (NYSE:FLR) have been given a consensus recommendation of “Hold” by the sixteen analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.45.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Fluor Co. (NEW) from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 13th. Credit Suisse Group dropped their target price on Fluor Co. (NEW) from $41.00 to $31.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. TheStreet lowered Fluor Co. (NEW) from a “c” rating to a “d+” rating in a research report on Friday, August 2nd. Bank of America assumed coverage on Fluor Co. (NEW) in a research report on Thursday. They issued an “underperform” rating and a $17.00 target price on the stock. Finally, UBS Group dropped their target price on Fluor Co. (NEW) from $62.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th.

NYSE FLR traded down $0.58 during trading hours on Friday, reaching $17.07. The stock had a trading volume of 2,434,775 shares, compared to its average volume of 3,818,444. The stock has a fifty day moving average of $26.48 and a 200 day moving average of $32.65. The stock has a market cap of $2.47 billion, a P/E ratio of 7.94 and a beta of 2.04. Fluor Co. has a 52-week low of $16.52 and a 52-week high of $60.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.27.

Fluor Co. (NEW) (NYSE:FLR) last issued its earnings results on Thursday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.19). The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Fluor Co. (NEW) had a negative net margin of 2.74% and a positive return on equity of 7.09%. Fluor Co. (NEW)’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. On average, equities research analysts forecast that Fluor Co. will post 0.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 4th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Tuesday, September 3rd. Fluor Co. (NEW)’s payout ratio is presently 39.07%.

Large investors have recently made changes to their positions in the business. Rehmann Capital Advisory Group lifted its holdings in Fluor Co. (NEW) by 133.2% in the first quarter. Rehmann Capital Advisory Group now owns 730 shares of the construction company’s stock valued at $27,000 after acquiring an additional 417 shares during the period. Institutional & Family Asset Management LLC raised its stake in shares of Fluor Co. (NEW) by 211.7% during the 1st quarter. Institutional & Family Asset Management LLC now owns 957 shares of the construction company’s stock worth $35,000 after buying an additional 650 shares during the period. TRUE Private Wealth Advisors acquired a new position in shares of Fluor Co. (NEW) during the 2nd quarter worth approximately $35,000. YorkBridge Wealth Partners LLC raised its stake in shares of Fluor Co. (NEW) by 50.8% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,292 shares of the construction company’s stock worth $48,000 after buying an additional 435 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Fluor Co. (NEW) by 34.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,498 shares of the construction company’s stock worth $55,000 after buying an additional 381 shares during the period. 93.90% of the stock is owned by institutional investors.

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.

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

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