Fluor Corporation (NYSE:FLR) shares traded -13.58% lower at $50.93 on Wall Street last session.
FLR stock price is now 2.26% away from the 50-day moving average and 14.97% away from the 200-day moving average. The market capitalization of the company currently stands at $7.54B.
With the price target enhanced from $52 to $65, Citigroup Upgraded its rating from Neutral to Buy for Fluor Corporation (NYSE: FLR). On July 17, 2024, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $57, while ‘Truist’ rates the stock as ‘Buy’
In other news, Brennan Joseph L, EVP, CHIEF FINANCIAL OFFICER sold 11,619 shares of the company’s stock on Oct 07 ’24. The stock was sold for $584,401 at an average price of $50.30. Upon completion of the transaction, the EVP, CHIEF FINANCIAL OFFICER now directly owns 41,908 shares in the company, valued at $2.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 04 ’24, EVP, CHIEF FINANCIAL OFFICER Brennan Joseph L sold 4,012 shares of the business’s stock. A total of $200,622 was realized by selling the stock at an average price of $50.01. This leaves the insider owning 53,527 shares of the company worth $2.73 million. A total of 1.23% of the company’s stock is owned by insiders.
During the past 12 months, Fluor Corporation has had a low of $34.09 and a high of $60.10. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.77, and a quick ratio of 1.77. According to the stock market information, the enterprise value for the company is $6935303168, which is based on a 34.11 price-to-earnings ratio, a 3.16 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for FLR is $49.8046 and a two-hundred day moving average price translates $44.29775 for the stock.
The latest earnings results from Fluor Corporation (NYSE: FLR) was released for 2024-09-30. The net profit margin was 1.64% and return on equity was 12.58% for FLR. The company reported revenue of $4.23 billion for the quarter, compared to $3.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.31 percent.
