The Price Target For Fluor Corporation (FLR)?

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Fluor Corporation (NYSE:FLR) finished Friday with a subtraction of -$0.29 to close at $34.66, a downside of -0.83 percent. An average of 729,400 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,190,480 shares traded, while the 50-day average volume stands at 1,428,990.

FLR stock has increased by 3.12% in the last month. The company shares reached their 1-month lowest point of $32.91 on 12/16/22. With the stock rallying to its 52-week high on 12/02/22, shares of the company touched a low of $19.80 and a high of $36.06 in 52 weeks. It has reached a new high 15 times so far this year and achieved 39.93% or $9.89 in price. In spite of this, the price is down -3.88% from the 52-week high.

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Insider Transactions

FLR stock investors should be aware that Fluor Corporation (FLR) stock had its last reported insider trading activity 309 days ago on May 12.

Valuation Metrics

Fluor Corporation (FLR) stock’s beta is 2.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.37, the price-to-book (PB) ratio at 2.98, and the price-to-cash flow ratio at 30.22.

Financial Health

The quick ratio of Fluor Corporation for the three months ended September 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.70 for the quarter ending September 29. Its gross profit as reported stood at $411.6 million compared to revenue of $12.43 billion.

Earnings Surprise

For the three-month period that ended September 29, Fluor Corporation had $155.0 million in cash and short-term investments compared to $980.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $12.0 million in the quarter, while revenues were shrunk -156.0%. The analyst consensus anticipated Fluor Corporation’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.07, a -82.50% surprise. For the quarter, EBITDA amounted to $9.0 million. Shareholders own equity worth $142.09 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fluor Corporation (FLR) price momentum. RSI 9-day as of the close on 30 December was 51.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.59%.

As of today, FLR’s price is $34.91 -0.63% or -$0.22 from its 5-day moving average. FLR is currently trading +2.76% higher than its 20-day SMA and +41.18% higher than its 100-day SMA. However, the stock’s current price level is +22.65% above the SMA50 and +24.45% above the SMA200.

The stochastic %K and %D were 62.81% and 66.86%, respectively, and the average true range (ATR) was 0.93. With the 14-day stochastic at 59.52% and the average true range at 1.00, the RSI (14) stands at 54.30%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.

Analyst Ratings

DA Davidson upgraded Fluor Corporation (NYSE: FLR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Fluor Corporation (FLR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FLR, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.

What is FLR’s price target for the next 12 months?

Analysts predict a range of price targets between $30.00 and $40.00, with a median target of $34.50. Taking a look at these predictions, the average price target given by analysts for Fluor Corporation (FLR) stock is $35.00.

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