Could Fluor Corporation (FLR) Recover After Today’s Big Decline?

Fluor Corporation (NYSE:FLR) Logo

Investors sentiment decreased to 0.79 in 2019 Q2. Its down 0.45, from 1.24 in 2019Q1. It worsened, as 62 investors sold Fluor Corporation shares while 115 reduced holdings. 42 funds opened positions while 97 raised stakes. 121.17 million shares or 2.27% more from 118.49 million shares in 2019Q1 were reported.
The Florida-based Jaffetilchin Investment Partners Limited Liability Co has invested 0.15% in Fluor Corporation (NYSE:FLR). Louisiana State Employees Retirement System holds 0.06% or 35,800 shares in its portfolio. Brown Brothers Harriman & holds 0% of its portfolio in Fluor Corporation (NYSE:FLR) for 134 shares. The Texas-based Next Financial has invested 0% in Fluor Corporation (NYSE:FLR). First Tru Lp reported 125,405 shares stake. Bb&T Llc has 23,601 shares. Geode Management Ltd Co invested in 0.01% or 1.63M shares. Raymond James & Associates holds 0.01% in Fluor Corporation (NYSE:FLR) or 281,559 shares. Stonebridge Capital Inc holds 0.34% or 25,513 shares in its portfolio. Oakbrook Invs Lc holds 0.03% of its portfolio in Fluor Corporation (NYSE:FLR) for 15,500 shares. Griffin Asset holds 554 shares or 0% of its portfolio. Moreover, Raymond James Fincl Ser Advisors Incorporated has 0% invested in Fluor Corporation (NYSE:FLR). Pnc Fincl Svcs Group accumulated 65,688 shares or 0% of the stock. Amp Cap Ltd invested 0.01% of its portfolio in Fluor Corporation (NYSE:FLR). 198,239 were accumulated by Heritage Invsts Mgmt.

Since May 13, 2019, it had 1 insider buy, and 0 selling transactions for $501,786 activity.

The stock of Fluor Corporation (NYSE:FLR) is a huge mover today! The stock decreased 4.15% or $0.91 during the last trading session, reaching $20.92. About 4.02 million shares traded or 59.79% up from the average. Fluor Corporation (NYSE:FLR) has declined 35.89% since September 13, 2018 and is downtrending. It has underperformed by 35.89% the S&P500.
The move comes after 5 months negative chart setup for the $2.93 billion company. It was reported on Sep, 13 by Barchart.com. We have $20.08 PT which if reached, will make NYSE:FLR worth $117.12M less.

Analysts await Fluor Corporation (NYSE:FLR) to report earnings on November, 7. They expect $0.33 earnings per share, down 40.00 % or $0.22 from last year’s $0.55 per share. FLR’s profit will be $46.19 million for 15.85 P/E if the $0.33 EPS becomes a reality. After $0.33 actual earnings per share reported by Fluor Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Fluor Corporation (NYSE:FLR) Ratings Coverage

Among 4 analysts covering Fluor (NYSE:FLR), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Fluor has $4400 highest and $1700 lowest target. $31.25’s average target is 49.38% above currents $20.92 stock price. Fluor had 10 analyst reports since April 6, 2019 according to SRatingsIntel. On Thursday, May 9 the stock rating was maintained by UBS with “Buy”. The stock of Fluor Corporation (NYSE:FLR) earned “Neutral” rating by Goldman Sachs on Tuesday, May 7. The stock of Fluor Corporation (NYSE:FLR) earned “Buy” rating by Citigroup on Friday, August 2. On Thursday, August 22 the stock rating was maintained by Bank of America with “Underperform”.

More notable recent Fluor Corporation (NYSE:FLR) news were published by: Finance.Yahoo.com which released: “Does The Fluor Corporation (NYSE:FLR) Share Price Tend To Follow The Market? – Yahoo Finance” on May 15, 2019, also Finance.Yahoo.com with their article: “Brief Commentary On Fluor Corporation’s (NYSE:FLR) Fundamentals – Yahoo Finance” published on June 14, 2019, Finance.Yahoo.com published: “Is Fluor Corporation (FLR) A Good Stock To Buy? – Yahoo Finance” on June 11, 2019. More interesting news about Fluor Corporation (NYSE:FLR) were released by: Finance.Yahoo.com and their article: “Why Shares of Fluor Got Stomped in August – Yahoo Finance” published on September 09, 2019 as well as 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: Alibaba, Dillard’s, Home Depot, Jumia, Lowe’s, Slack, SQM, Target, Wayfair and More – 24/7 Wall St.” with publication date: August 22, 2019.

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project management services worldwide. The company has market cap of $2.93 billion. It operates through four divisions: Energy, Chemicals & Mining; Industrial, Infrastructure & Power; Maintenance, Modification & Asset Integrity ; and Government. It currently has negative earnings. The Energy, Chemicals & Mining segment offers a range of design, engineering, procurement, construction, fabrication, and project management services to upstream, downstream, chemical, petrochemical, offshore and onshore gas and oil production, liquefied natural gas, pipeline, and metals and mining markets.

Fluor Corporation (NYSE:FLR) Institutional Positions Chart

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