Recent Performance of Fluor Corporation (FLR) Stock: A Closer Look

A share price of Fluor Corporation [FLR] is currently trading at $38.45, up 1.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FLR shares have gain 4.83% over the last week, with a monthly amount drifted -6.31%, and not seem to be holding up well over a long-time horizon.

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On 7, March 2024, Fluor Joint Venture Awarded U.S. Department of Energy Hanford Integrated Tank Disposition Contract. In a post published today on Yahoo Finance, Fluor Corporation (NYSE: FLR) announced today that the U.S. Department of Energy (DOE) selected Hanford Tank Waste Operations & Closure, LLC (H2C) – a joint venture led by a subsidiary of BWX Technologies, Inc., together with Fluor and Amentum – to execute the Hanford Integrated Tank Disposition Contract. The new contract has an estimated ceiling of $45 billion over a 10-year ordering period for environmental management operations at the Hanford Site in Washington state. Fluor will recognize its share of earnings from this new contract using the equity method of accounting.

From an analyst’s perspective:

Previously, UBS upgraded its rating to Buy on October 04, 2023, and elevated its price target to $47. On November 07, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Robert W. Baird upgraded its rating to a Outperform and decreased its price target to $29 on February 23, 2022. BofA Securities upgraded its rating to a Neutral but $24 remained the price target by the analyst firm on November 15, 2021. In a note dated January 21, 2021, Vertical Research upgraded an Buy rating on this stock.

Fluor Corporation experienced fluctuations in its stock price throughout the past year between $25.69 and $43.24. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Fluor Corporation [NYSE: FLR] shares were valued at $38.45 at the most recent close of the market. An investor can expect a potential return of 22.24% based on the average FLR price forecast.

Analyzing the FLR fundamentals

Trailing Twelve Months sales for Fluor Corporation [NYSE:FLR] were 15.47B which represents 2.96% growth. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.06 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.84 points at the first support level, and at 37.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.85, and for the 2nd resistance point, it is at 39.24.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Fluor Corporation [NYSE:FLR] is 1.60. Further, the Quick Ratio stands at 1.60, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 3.38 and price to earnings (TTM) ratio is 78.02.