Are Analysts Too Bullish On Fluor Corporation (FLR)

Fluor Corporation (NYSE:FLR) currently has a daily average trading volume of 1.56M but it saw 1403704 shares traded in last market. With a market cap of 9.05B USD, the company’s current market price of $52.83 came falling about -1.57 while comparing to the previous closing price of $53.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.86 and as low as $32.31. In the recent trading on the day, stock has struck highest price mark of $52.09 while lowest mark touched by it was $54.42.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Citigroup which upgraded the stock as “Buy” in its note to investors issued on October 22, 2024, recommending a price target of between $52 and $65 for it. KeyBanc Capital Markets upgraded its recommendation for the stock as a “Overweight” from “Sector Weight” on July 17, 2024 while assigning a price target of $57. Truist issued its recommendations for the stock as it initiated the price target for the stock is $46.

Over the week, FLR’s stock price is moving -3.26% down while it is 14.15% when we observe its performance for the past one month. Year-to-date it is 34.87% up and over the past year, the stock is showing an upside performance of 55.52%.

Currently, Fluor Corporation’s total number of outstanding shares is 170.41M. Company’s return on investment (ROI) stands at 11.44% and return on equity (ROE) at 20.92%. It has a price to earnings ratio (P/E ratio) of 22.65 while having a 16.30 of forward P/E ratio. Stock’s beta reads 1.93. Stock has a price to book (P/B) ratio of 4.22 while price to sale or P/S ratio amounts to 0.57. Its return on asset (ROA) is 6.07% on average.