At the time of writing, Fluor Corporation [FLR] stock is trading at $52.95, up 1.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The FLR shares have gain 6.28% over the last week, with a monthly amount drifted -3.73%, 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 October 22, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $65 from $52. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on July 17, 2024, and kept the price target unchanged to $57. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $46 on the stock. UBS upgraded its rating to a Buy and raised its price target to $47 on October 04, 2023. DA Davidson upgraded its rating to Buy for this stock on November 07, 2022, and upped its price target to $40. In a note dated February 23, 2022, Robert W. Baird upgraded an Outperform rating on this stock and revised its target price from $30 to $29.
For the past year, the stock price of Fluor Corporation fluctuated between $35.04 and $60.10. Currently, Wall Street analysts expect the stock to reach $57.83 within the next 12 months. Fluor Corporation [NYSE: FLR] shares were valued at $52.95 at the most recent close of the market. An investor can expect a potential return of 9.22% based on the average FLR price forecast.
Analyzing the FLR fundamentals
According to Fluor Corporation [NYSE:FLR], the company’s sales were 15.88B for trailing twelve months, which represents an 3.31% jump. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.13 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 51.97 points at the first support level, and at 50.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.49, and for the 2nd resistance point, it is at 54.02.
Ratios To Look Out For
It is important to note that Fluor Corporation [NYSE:FLR] has a current ratio of 1.77. On the other hand, the Quick Ratio is 1.77, and the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 0.58, the price to book ratio is 4.03 and price to earnings (TTM) ratio is 35.46.
Transactions by insiders
Recent insider trading involved Brennan Joseph L, EVP, CHIEF FINANCIAL OFFICER, that happened on Oct 07 ’24 when 11619.0 shares were sold. EVP, CHIEF FINANCIAL OFFICER, Brennan Joseph L completed a deal on Oct 04 ’24 to sell 4012.0 shares. Meanwhile, EVP, CHIEF FINANCIAL OFFICER Brennan Joseph L sold 15335.0 shares on Sep 20 ’24.
