In a report released today, Adam Seiden from Barclays maintained a Hold rating on Fluor (FLR – Research Report), with a price target of $39.00. The company’s shares closed last Friday at $39.21.
According to TipRanks, Seiden is a 5-star analyst with an average return of 11.8% and a 55.56% success rate. Seiden covers the Industrials sector, focusing on stocks such as MasTec, Aecom Technology, and Caterpillar.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fluor with a $43.50 average price target.
Based on Fluor’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.96 billion and a net profit of $206 million. In comparison, last year the company earned a revenue of $3.61 billion and had a net profit of $22 million
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Fluor (FLR) Company Description:
Fluor Corp. is a holding company, which engages in providing engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following four segments: Energy & Chemicals, Mining, Industrial, Infrastructure & Power, Diversified Services and Government. The Energy & Chemicals segment focuses on opportunities in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets. The Mining, Industrial, Infrastructure & Power segment provides design, engineering, procurement, construction and project management services to the mining and metals, transportation, life sciences, advanced manufacturing and power sectors. The Diversified segment provides a wide array of asset services, asset integrity services, equipment solutions and staffing services. The Government segment provides engineering, construction, logistics, base and facilities operations and maintenance, contingency response and environmental and nuclear services to the U.S. government and governments abroad. The company was founded by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.
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