How did Fluor Corporation (FLR) surprise investors with its report?

Fluor Corporation [FLR] stock prices are down -0.14% to $55.97 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FLR shares have gain 1.30% over the last week, with a monthly amount glided 2.53%, and 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.

The stock price of Fluor Corporation [FLR] has been fluctuating between $35.04 and $60.10 over the past year. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Fluor Corporation [NYSE: FLR] shares were valued at $55.97 at the most recent close of the market. An investor can expect a potential return of 7.2% based on the average FLR price forecast.

Analyzing the FLR fundamentals

The Fluor Corporation [NYSE:FLR] reported sales of 15.88B for trailing twelve months, representing a surge of 3.31%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.

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 55.44 points at the first support level, and at 54.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.91, and for the 2nd resistance point, it is at 57.85.

Ratios To Look Out For

It’s worth pointing out that Fluor Corporation [NYSE:FLR]’s Current Ratio is 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 0.60, the price to book ratio is 4.26 and price to earnings (TTM) ratio is 37.48.

Transactions by insiders

Recent insider trading involved Thomas P. D’Agostino, Officer, that happened on Dec 05 ’24 when 7681.0 shares were purchased. GROUP PRESIDENT, Fields Mark E completed a deal on Nov 25 ’24 to sell 50000.0 shares. Meanwhile, Officer Fields Mark E bought 0.11 million shares on Nov 25 ’24.

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