Analyst Ratings for Fluor Corp. (FLR)Updated: 2017-07-26
Fluor Corp. (NYSE:FLR) was awarded an average rating of Overweight from investment analysts following the stock. FLR had previously received a consensus rating of Overweight a month ago.
8 analysts declared FLR a buy, 0 issued an overweight rating, 10 issued a hold rating, 1 gave an underweight rating, and 0 issued a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for FLR by the analysts covering the stock. The maximum price target given was 62, which equates to a potential upside of 36.08 percent. The minimum price target given was 44, which equates to a potential downside of -3.42 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.83 percent. That number becomes -19.04 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.62 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.89 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 3 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
The growth rate of FLR's earnings is estimated by analysts to be 41.88 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. FLR has a PEG ratio of 0.65.
FLR has traded between a high of 58.37 and a low of 43.65 over the past year. The current market price is above the trailing year's low by 4.38 percent, and 21.95 percent lower than its 52-week high. FLR has a P/E ratio of 27.17. Investors typically compare the P/E ratio to a company's peers in the industry. The FLR value stock report compares FLR to some of its peers using value stock charts. The market cap of FLR is $6.39 billion. FLR's next earnings release will be on 0000-00-00, which is days away.