Fluor Corporation (NYSE:FLR) has a beta value of 2.83 and has seen 2,657,388 shares traded in the last trading session. The company, currently valued at $1.53 Billion, closed the last trade at $10.9 per share which meant it gained $0.13 on the day or 1.21% during that session. The FLR stock price is -91.74% off its 52-week high price of $20.9 and 73.85% above the 52-week low of $2.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.3 Million shares traded. The 3-month trading volume is 2.42 Million shares.
The consensus among analysts is that Fluor Corporation (FLR) is a Hold stock at the moment, with a recommendation rating of 3.1. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 8 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.26.
Fluor Corporation (NYSE:FLR) trade information
Sporting 1.21% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Oct 16 when the FLR stock price touched $11.28- or saw a rise of 3.37%. Year-to-date, Fluor Corporation shares have moved -42.27%, while the 5-day performance has seen it change -0.18%. Over the past 30 days, the shares of Fluor Corporation (NYSE:FLR) have changed 17.84%. Short interest in the company has seen 7.82 Million shares shorted with days to cover at 3.23.
Wall Street analysts have a consensus price target for the stock at $13.57, which means that the shares’ value could jump 24.5% from current levels. The projected low price target is $10 while the price target rests at a high of $22. In that case, then, we find that the current price level is +101.83% off the targeted high while a plunge would see the stock lose -8.26% from current levels.
Fluor Corporation (FLR) estimates and forecasts
Figures show that Fluor Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +34.4% over the past 6 months, with this year growth rate of -109.27%, compared to -15.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 161.9% and 105.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +11.9%.
6 analysts offering their estimates for the company have set an average revenue estimate of $4.18 Billion for the current quarter. 5 have an estimated revenue figure of $3.89 Billion for the next quarter concluding in June 01, 2020. Year-ago sales stood $4.19 Billion and $4.09 Billion respectively for this quarter and the next, and analysts expect sales will grow by -0.3% for the current quarter and -5.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36.1% over the past 5 years. Earnings growth for 2020 is a modest +111.1% while over the next 5 years, the company’s earnings are expected to increase by -9.1%.
Fluor Corporation (NYSE:FLR)’s Major holders
Insiders own 0.84% of the company shares, while shares held by institutions stand at 94.57% with a share float percentage of 95.37%. Investors are also buoyed by the number of investors in a company, with Fluor Corporation having a total of 473 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 12.03 Million shares worth more than $145.35 Million. As of June 29, 2020, Vanguard Group, Inc. (The) held 8.56% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 11.21 Million shares as of June 29, 2020. The firm’s total holdings are worth over $135.47 Million and represent 7.98% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of August 30, 2020, the former fund manager holds about 2.65% shares in the company for having 3726434 shares of worth $35.48 Million while later fund manager owns 3.65 Million shares of worth $44.13 Million as of June 29, 2020, which makes it owner of about 2.6% of company’s outstanding stock.