Market Analysts see Fluor Corporation [FLR] falling to $29. Time to buy?

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Fluor Corporation [NYSE: FLR] price plunged by -1.12 percent to reach at -$0.26. The company report on July 14, 2022 that Fluor’s Roya Noorbakhsh and Laura Ware Named P3 Champions of the Year by the American Road & Transportation Builders Association.


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Both provide vital contributions to Los Angeles International Airport Automated People Mover project.

Fluor Corporation (NYSE: FLR) announced today that Roya Noorbakhsh and Laura Ware, both leaders working on the Los Angeles International Airport’s Automated People Mover (LAX APM) project, have been named Public-Private Partnership (P3) Champions of the Year by the American Road & Transportation Builders Association (ARTBA). Both were recognized at today’s ARTBA’s annual conference in Washington, D.C.

A sum of 2663444 shares traded at recent session while its average daily volume was at 1.79M shares. Fluor Corporation shares reached a high of $23.045 and dropped to a low of $22.18 until finishing in the latest session at $22.95.

The one-year FLR stock forecast points to a potential upside of 18.04.

Guru’s Opinion on Fluor Corporation [FLR]:

Robert W. Baird have made an estimate for Fluor Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 23, 2022. The new note on the price target was released on November 15, 2021, representing the official price target for Fluor Corporation stock. Previously, the target price had yet another raise to $17, while BofA Securities analysts kept a Underperform rating on FLR stock.

The Average True Range (ATR) for Fluor Corporation is set at 1.18, with the Price to Sales ratio for FLR stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 15.22.

FLR Stock Performance Analysis:

Fluor Corporation [FLR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.33. With this latest performance, FLR shares dropped by -13.17% in over the last four-week period, additionally sinking by -3.21% over the last 6 months – not to mention a rise of 43.35% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FLR stock in for the last two-week period is set at 40.54, with the RSI for the last a single of trading hit 39.29, and the three-weeks RSI is set at 41.85 for Fluor Corporation [FLR]. The present Moving Average for the last 50 days of trading for this stock 25.75, while it was recorded at 23.63 for the last single week of trading, and 23.92 for the last 200 days.

Insight into Fluor Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fluor Corporation [FLR] shares currently have an operating margin of +1.52 and a Gross Margin at +3.15. Fluor Corporation’s Net Margin is presently recorded at -1.46.

Return on Equity for this stock declined to -15.00, with Return on Assets sitting at -2.49.

Fluor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

FLR Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FLR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fluor Corporation go to 29.94%.

Fluor Corporation [FLR] Insider Position Details

There are presently around $2,985 million, or 94.20% of FLR stock, in the hands of institutional investors. The top three institutional holders of FLR stocks are: BLACKROCK INC. with ownership of 16,937,750, which is approximately 3.491% of the company’s market cap and around 1.30% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 13,449,678 shares of the stock with an approximate value of $312.17 million in FLR stocks shares; and VANGUARD GROUP INC, currently with $308.1 million in FLR stock with ownership of nearly 0.619% of the company’s market capitalization.

180 institutional holders increased their position in Fluor Corporation [NYSE:FLR] by around 16,140,681 shares. Additionally, 141 investors decreased positions by around 9,652,784 shares, while 66 investors held positions by with 102,820,490 shares. The mentioned changes placed institutional holdings at 128,613,955 shares, according to the latest SEC report filing. FLR stock had 72 new institutional investments in for a total of 6,089,752 shares, while 26 institutional investors sold positions of 763,577 shares during the same period.

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