KeyCorp Forecasts Strong Price Appreciation for Fluor (NYSE:FLR) Stock

by · The Cerbat Gem

Fluor (NYSE:FLR – Free Report) had its target price increased by KeyCorp from $57.00 to $64.00 in a report published on Thursday morning,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also commented on the stock. Barclays lifted their price target on shares of Fluor from $39.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. UBS Group upped their price target on Fluor from $51.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on Fluor from $46.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. DA Davidson lifted their price objective on Fluor from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Truist Financial raised their price target on shares of Fluor from $61.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.29.

Check Out Our Latest Report on FLR

Fluor Trading Down 13.6 %

NYSE FLR traded down $8.01 during trading hours on Thursday, reaching $50.92. The company’s stock had a trading volume of 12,420,681 shares, compared to its average volume of 1,651,582. Fluor has a 52 week low of $34.17 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $8.72 billion, a P/E ratio of 21.56, a P/E/G ratio of 2.29 and a beta of 1.90. The firm has a fifty day simple moving average of $49.79 and a 200-day simple moving average of $46.32.

Insider Transactions at Fluor

In other news, CFO Joseph L. Brennan sold 4,012 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the completion of the sale, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Joseph L. Brennan sold 4,012 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $50.01, for a total value of $200,640.12. Following the transaction, the chief financial officer now directly owns 53,527 shares in the company, valued at $2,676,885.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO John C. Regan sold 13,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $48.31, for a total transaction of $628,030.00. Following the sale, the chief accounting officer now owns 55,965 shares of the company’s stock, valued at $2,703,669.15. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,261 shares of company stock valued at $2,156,604 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fluor

A number of hedge funds have recently added to or reduced their stakes in FLR. ORG Partners LLC purchased a new position in Fluor during the 2nd quarter worth $34,000. GAMMA Investing LLC lifted its position in shares of Fluor by 46.4% during the second quarter. GAMMA Investing LLC now owns 899 shares of the construction company’s stock valued at $39,000 after purchasing an additional 285 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Fluor by 6,642.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 944 shares of the construction company’s stock worth $41,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Fluor in the 2nd quarter worth about $51,000. Finally, Quest Partners LLC purchased a new stake in Fluor in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Fluor Company Profile

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Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; operation and maintenance; asset integrity; and project management services worldwide. The company operates through Energy Solutions, Urban Solutions, Mission Solutions, and Other segments. The Energy Solutions segment provides solutions to the energy transition markets, including asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, hydrogen, nuclear power, and other low-carbon energy sources.

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