Analyst Price Target Update on Fluor Corporation (NYSE:FLR)

Fluor Corporation (NYSE:FLR) shares are expected to touch $53.67 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 5.12. The target price could hit $61 on the higher end and $46 on the lower end.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Deutsche Bank assumes its outlook on Fluor Corporation (NYSE:FLR). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm announces the price target at $56 per share. The rating by the firm was issued on April 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Fluor Corp, Mcwhinney Deborah D had purchased shares worth of $99,960 in a transaction dated on August 26, 2015. A total of 2,352 shares were purchased at a price of $42.5 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Fluor Corporation (NYSE:FLR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.2 points or 2.3% at $50.91 with 1,189,674 shares getting traded. Post opening the session at $51.8, the shares hit an intraday low of $50.855 and an intraday high of $52.11 and the price was in this range throughout the day. The company has a market cap of $7,088 million and the number of outstanding shares have been calculated to be 139,230,160 shares. The 52-week high of Fluor Corporation (NYSE:FLR) is $56.35 and the 52-week low is $39.48.

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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