Fluor Corporation [NYSE: FLR] gained 8.20% or 4.14 points to close at $54.61 with a heavy trading volume of 5787299 shares.
The daily chart for FLR points out that the company has recorded 37.90% gains over the past six months.
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If we look at the average trading volume of 1.48M shares, FLR reached to a volume of 5787299 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Fluor Corporation [FLR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FLR shares is $54.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FLR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
KeyBanc Capital Markets have made an estimate for Fluor Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 17, 2024. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on March 14, 2024, representing the official price target for Fluor Corporation stock. On October 04, 2023, analysts increased their price target for FLR shares from 35 to 47.
The Average True Range (ATR) for Fluor Corporation is set at 1.55, with the Price to Sales ratio for FLR stock in the period of the last 12 months amounting to 0.59. The Price to Book ratio for the last quarter was 4.37, with the Price to Cash per share for the same quarter was set at 15.81. Price to Free Cash Flow for FLR in the course of the last twelve months was 28.26 with Quick ratio for the last quarter at 1.77.
Trading performance analysis for FLR stock
Fluor Corporation [FLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.33. With this latest performance, FLR shares gained by 18.18% in over the last four-week period, additionally plugging by 37.90% over the last 6 months – not to mention a rise of 49.33% 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 72.87, with the RSI for the last a single of trading hit 77.52, and the three-weeks RSI is set at 68.81 for Fluor Corporation [FLR]. The present Moving Average for the last 50 days of trading for this stock 48.09, while it was recorded at 51.55 for the last single week of trading, and 42.91 for the last 200 days.
Fluor Corporation [FLR]: A deeper dive into fundamental analysis
Fluor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.77 and a Current Ratio set at 1.77.
Fluor Corporation [FLR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Fluor Corporation posted 1.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.46. 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 10.80%.
An analysis of Institutional ownership at Fluor Corporation [FLR]
There are presently around $92.31%, or 93.61%% of FLR stock, in the hands of institutional investors. The top three institutional holders of FLR stocks are: BLACKROCK INC. with ownership of 20.89 million shares, which is approximately 12.2139%. VANGUARD GROUP INC, holding 17.36 million shares of the stock with an approximate value of $$755.87 million in FLR stocks shares; and VANGUARD GROUP INC, currently with $$645.97 million in FLR stock with ownership which is approximately 8.6742%.
