The stock of Fluor Corporation (NEW) (NYSE:FLR) is a huge mover today! About 9.85 million shares traded hands or 756.52% up from the average. Fluor Corporation (NEW) (NYSE:FLR) has declined 1.52% since April 4, 2016 and is downtrending. It has underperformed by 2.61% the S&P500.
The move comes after 8 months negative chart setup for the $6.19B company. It was reported on Nov, 4 by Barchart.com. We have $41.69 PT which if reached, will make NYSE:FLR worth $433.30 million less.
Fluor Corporation (NEW) (NYSE:FLR) Ratings Coverage
Out of 15 analysts covering Fluor Corporation (NYSE:FLR), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. Fluor Corporation has been the topic of 25 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, August 25 by Canaccord Genuity. The firm has “Outperform” rating given on Friday, July 31 by FBR Capital. FBR Capital downgraded Fluor Corporation (NEW) (NYSE:FLR) rating on Friday, February 19. FBR Capital has “Market Perform” rating and $46 price target. Seaport Global Securities downgraded Fluor Corporation (NEW) (NYSE:FLR) rating on Friday, October 14. Seaport Global Securities has “Neutral” rating and $50 price target. UBS downgraded the stock to “Neutral” rating in Friday, July 31 report. Citigroup initiated the stock with “Buy” rating in Friday, November 13 report. On Friday, August 21 the stock rating was maintained by William Blair with “Outperform”. The rating was maintained by Macquarie Research with “Outperform” on Friday, February 19. Credit Suisse maintained it with “Outperform” rating and $52 target price in Friday, February 19 report. The firm has “Hold” rating given on Friday, July 31 by Deutsche Bank.
According to Zacks Investment Research, “Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. The company also offers unionized management and construction services in the United States and Canada. Fluor Corporation is headquartered in Irving, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.09, from 0.95 in 2016Q1. The ratio dropped, as 55 funds sold all Fluor Corporation (NEW) shares owned while 167 reduced positions. 41 funds bought stakes while 150 increased positions. They now own 114.24 million shares or 3.13% less from 117.92 million shares in 2016Q1.
Great Lakes Lc has invested 0.02% of its portfolio in Fluor Corporation (NEW) (NYSE:FLR). Huber Cap Ltd accumulated 0.19% or 94,294 shares. Wells Fargo & Mn has 1.03M shares for 0.02% of their US portfolio. Blackrock Fund Advsrs last reported 2.22 million shares in the company. Vsr Financial Service Incorporated last reported 8,689 shares in the company. Guggenheim Capital Ltd Co last reported 716,194 shares in the company. Liberty Mutual Gp Asset Mgmt accumulated 0.01% or 7,750 shares. Cornercap Investment Counsel last reported 126,553 shares in the company. Wedge Management L Lp Nc accumulated 0.21% or 404,764 shares. Security Natl Tru holds 0% of its portfolio in Fluor Corporation (NEW) (NYSE:FLR) for 222 shares. Heritage Invsts Mngmt, a Maryland-based fund reported 250,338 shares. The France-based Credit Agricole S A has invested 0.03% in Fluor Corporation (NEW) (NYSE:FLR). Blackrock last reported 0.05% of its portfolio in the stock. Great West Life Assurance Co Can last reported 106,292 shares in the company. Tiaa Cref Mgmt Lc accumulated 0.02% or 420,778 shares.
FLR Company Profile
Fluor Corporation (Fluor), incorporated on September 11, 2000, is a holding company. The Firm operates its business in five divisions: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. The Company, through its subsidiaries, provides professional services. The Firm is an integrated solutions well-known provider for various industries, including gas and oil, chemicals and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. The Firm is also a service well-known provider to the United States federal Government, and it performs activities and maintenance activities around the world for its industrial clients.
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