Fluor Corporation [FLR] stock is trading at $42.34, up 2.02%. 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 3.24% over the last week, with a monthly amount glided 15.75%, and seem to be holding up well over a long-time horizon.
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On 3, April 2024, Fluor Announces First Gold from Gold Fields’ Salares Norte Mining Project in Chile. In a post published today on Yahoo Finance, Fluor Corporation’s (NYSE: FLR) Mining & Metals business announced today that first gold has been achieved at Gold Fields’ Salares Norte mining project in Chile. Salares Norte is a high-grade gold-silver, open-pit deposit in the Atacama region of northern Chile at an altitude of between 12,750-15,400 feet (3,900-4,700 meters) above sea level.
From an analyst’s perspective:
Fluor Corporation [NYSE: FLR] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $46. On October 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $47 on the stock. DA Davidson upgraded its rating to a Buy and increased its price target to $40 on November 07, 2022. Robert W. Baird upgraded its rating to a Outperform and reduced its price target to $29 on February 23, 2022. BofA Securities upgraded its rating to Neutral for this stock on November 15, 2021, but kept the price target unchanged to $24.
Fluor Corporation [FLR] stock has fluctuated between $25.69 and $43.24 over the past year. Currently, Wall Street analysts expect the stock to reach $46.5 within the next 12 months. Fluor Corporation [NYSE: FLR] shares were valued at $42.34 at the most recent close of the market. An investor can expect a potential return of 9.83% based on the average FLR price forecast.
Analyzing the FLR fundamentals
Fluor Corporation [NYSE:FLR] reported sales of 15.47B for the trailing twelve months, which represents a growth of 2.96%. 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 41.55 points at the first support level, and at 40.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.04, and for the 2nd resistance point, it is at 43.74.
Fluor Corporation [FLR] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.57/share, meaning a difference of $0.11 and a surprise factor of 19.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.02 per share as compared to estimates of $0.56 per share, a difference of $0.46 representing a surprise of 82.10%.
Ratios To Look Out For
For context, Fluor Corporation’s Current Ratio 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 0.47, the price to book ratio is 3.72 and price to earnings (TTM) ratio is 85.92.
Transactions by insiders
Recent insider trading involved Dillow Stacy L, EVP, Chief HR Officer, that happened on Jun 07 ’23 when 20000.0 shares were sold.
