Fluor Corporation [FLR] stock prices are down -1.66% to $46.92 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FLR shares have gain 1.38% over the last week, with a monthly amount drifted -6.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fluor Corporation [NYSE: FLR] stock has seen the most recent analyst activity on July 17, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $57 for it. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $46. UBS upgraded its rating to a Buy and increased its price target to $47 on October 04, 2023. DA Davidson upgraded its rating to a Buy and raised its price target to $40 on November 07, 2022. Robert W. Baird upgraded its rating to Outperform for this stock on February 23, 2022, and downed its price target to $29. In a note dated November 15, 2021, BofA Securities upgraded an Neutral rating on this stock but restated the target price of $24.
The stock price of Fluor Corporation [FLR] has been fluctuating between $32.31 and $51.64 over the past year. Currently, Wall Street analysts expect the stock to reach $55.4 within the next 12 months. Fluor Corporation [NYSE: FLR] shares were valued at $46.92 at the most recent close of the market. An investor can expect a potential return of 18.07% based on the average FLR price forecast.
Analyzing the FLR fundamentals
The Fluor Corporation [NYSE:FLR] reported sales of 15.74B for trailing twelve months, representing a surge of 7.31%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.21 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 46.42 points at the first support level, and at 45.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.50, and for the 2nd resistance point, it is at 48.09.
Ratios To Look Out For
It’s worth pointing out that Fluor Corporation [NYSE:FLR]’s Current Ratio is 1.77. Also, the Quick Ratio is 1.77, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 3.75 and price to earnings (TTM) ratio is 20.11.
Transactions by insiders
Recent insider trading involved Brennan Joseph L, EVP, CHIEF FINANCIAL OFFICER, that happened on Sep 20 ’24 when 15335.0 shares were sold. EVP, CHIEF FINANCIAL OFFICER, Brennan Joseph L completed a deal on Sep 23 ’24 to sell 295.0 shares. Meanwhile, EVP, CHIEF FINANCIAL OFFICER Brennan Joseph L sold 31260.0 shares on Sep 05 ’24.
