Analysts Update Their Price Forecasts For Fluor Corporation (FLR)

Fluor Corporation (FLR) concluded trading on Thursday at a closing price of $49.51, with 3.02 million shares of worth about $149.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.71% during that period and on January 16, 2025 the price saw a gain of about 0.47%. Currently the company’s common shares owned by public are about 171.33M shares, out of which, 169.48M shares are available for trading.

Stock saw a price change of 0.39% in past 5 days and over the past one month there was a price change of -9.39%. Year-to-date (YTD), FLR shares are showing a performance of 0.39% which increased to 33.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.04 but also hit the highest price of $60.10 during that period. The average intraday trading volume for Fluor Corporation shares is 2.38 million. The stock is currently trading -0.98% below its 20-day simple moving average (SMA20), while that difference is down -5.80% for SMA50 and it goes to 4.60% higher than SMA200.

Fluor Corporation (NYSE: FLR) currently have 171.33M outstanding shares and institutions hold larger chunk of about 91.91% of that.

The stock has a current market capitalization of $8.49B and its 3Y-monthly beta is at 1.91. PE ratio of stock for trailing 12 months is 33.16, while it has posted earnings per share of $1.49 in the same period. It has Quick Ratio of 1.77 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLR, volatility over the week remained 2.08% while standing at 2.80% over the month.

Stock’s fiscal year EPS is expected to drop by -3.74% while it is estimated to increase by 11.69% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on December 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $54 and $58 to it. Coverage by Citigroup stated Fluor Corporation (FLR) stock as a Buy in their note to investors on October 22, 2024, suggesting a price target of $65 for the stock. On July 17, 2024, KeyBanc Capital Markets Upgrade their recommendations, while on March 14, 2024, Truist Initiated their ratings for the stock with a price target of $46. Stock get a Sector weight rating from KeyBanc Capital Markets on January 10, 2024.

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