Fluor Corporation (FLR) : Analyst Rating Update

Fluor Corporation (FLR) : 14 analysts are covering Fluor Corporation (FLR) and their average rating on the stock is 2.14, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Fluor Corporation (FLR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Fluor Corporation (FLR) : The most positive equity analysts on Fluor Corporation (FLR) expects the shares to touch $61, whereas, the least positive believes that the stock will trade at $46 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $53.67 with an expected fluctuation of $5.12 from the mean.

Fluor Corporation (NYSE:FLR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.33 and $48.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.64. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.50, notching a gain of 1.50% for the day. The total traded volume was 1,291,966 . The stock had closed at $48.77 on the previous day.

Also, MKM Partners initiates coverage on Fluor Corporation (NYSE:FLR) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -3.27% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $55.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $51.00 and the 200 Day Moving Average price is recorded at $49.45.

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. Through its Oil & Gas segment, Fluor serves the oil and gas production, processing, and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design, engineering, procurement, construction, operations and maintenance, and project management services. The Government segment is a provider of engineering, construction, logistics, and environmental and nuclear services, among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment, it provides a range of services to the gas-fueled and solid-fueled markets, among others.

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