Fluor Corporation (NYSE:FLR) finished Friday with an addition of $0.98 to close at $33.72, an upside of 2.99 percent. An average of 1,625,760 shares of common stock have been traded in the last five days. There was a gain of $0.32 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,453,995 shares traded, while the 50-day average volume stands at 1,760,194.
FLR stock has increased by 11.51% in the last month. The company shares reached their 1-month lowest point of $30.09 on 07/27/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $23.37 and a high of $38.20 in 52 weeks. It has reached a new high 12 times so far this year and lost -2.71% or -$0.94 in price. In spite of this, the price is down -11.73% 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 80 days ago on Jun 07. In this transaction, the insider spent $606,088. Group President, Breuer James R, disposed of 4,000 shares at a price of $37.81 on Mar 03. The insider now owns more than $151,231 worth of shares.
Valuation Metrics
Fluor Corporation (FLR) stock’s beta is 2.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, the price-to-book (PB) ratio at 2.68.
Financial Health
The quick ratio of Fluor Corporation for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.54 and a total debt to equity ratio of 0.55 for the quarter ending June 29. Fluor Corporation’s EBITDA margin for the year ending June 29 is 1.53%, while its operating margin for the same period stands at 0.00%. Its gross profit as reported stood at $355.0 million compared to revenue of $13.74 billion.
Earnings Surprise
For the three-month period that ended June 29, Fluor Corporation had $979.0 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 $51.0 million in the quarter, while revenues were shrunk -9.8%. The analyst consensus anticipated Fluor Corporation’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.76, a 76.70% surprise. For the quarter, EBITDA amounted to $113.0 million. Shareholders own equity worth $143.37 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 25 August was 54.84%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.96%.
As of today, FLR’s price is $33.33 +0.96% or $0.32 from its 5-day moving average. FLR is currently trading +10.05% higher than its 20-day SMA and +7.32% higher than its 100-day SMA. However, the stock’s current price level is +14.65% above the SMA50 and -0.74% below the SMA200.
The stochastic %K and %D were 16.43% and 22.60%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 33.78% and the average true range at 1.03, the RSI (14) stands at 56.18%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -0.81.
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 Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FLR, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 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 $48.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Fluor Corporation (FLR) stock is $39.86.
