Fluor Co. (NEW) (NYSE:FLR) Given Consensus Recommendation of “Hold” by Analysts

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Shares of Fluor Co. (NEW) (NYSE:FLR) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $11.29.

FLR has been the topic of a number of recent analyst reports. ValuEngine raised shares of Fluor Co. (NEW) from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 28th. Credit Suisse Group reissued a “hold” rating and set a $10.00 price target on shares of Fluor Co. (NEW) in a research report on Wednesday, July 29th. Finally, Zacks Investment Research raised shares of Fluor Co. (NEW) from a “sell” rating to a “hold” rating and set a $12.00 price target on the stock in a research report on Wednesday, August 19th.

Shares of Fluor Co. (NEW) stock traded up $0.25 during trading hours on Monday, reaching $9.40. The company’s stock had a trading volume of 3,546,348 shares, compared to its average volume of 3,050,924. Fluor Co. has a one year low of $2.85 and a one year high of $20.90. The company has a market capitalization of $1.32 billion, a P/E ratio of -1.01 and a beta of 2.76. The stock’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $10.08.

A number of hedge funds have recently made changes to their positions in FLR. First Trust Advisors LP raised its position in Fluor Co. (NEW) by 579.5% in the first quarter. First Trust Advisors LP now owns 141,476 shares of the construction company’s stock worth $5,206,000 after acquiring an additional 120,656 shares during the period. Rhumbline Advisers increased its stake in shares of Fluor Co. (NEW) by 10.0% in the first quarter. Rhumbline Advisers now owns 368,290 shares of the construction company’s stock worth $2,545,000 after purchasing an additional 33,553 shares in the last quarter. Swiss National Bank increased its stake in shares of Fluor Co. (NEW) by 1.1% in the first quarter. Swiss National Bank now owns 258,200 shares of the construction company’s stock worth $1,784,000 after purchasing an additional 2,778 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Fluor Co. (NEW) by 21.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 48,737 shares of the construction company’s stock worth $337,000 after purchasing an additional 8,701 shares in the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of Fluor Co. (NEW) in the first quarter worth about $318,000. 66.64% of the stock is currently owned by institutional investors and hedge funds.

About Fluor Co. (NEW)

Fluor Corporation, through its subsidiaries, provides engineering, procurement, construction, fabrication and modularization, operation, maintenance and asset integrity, and project management services worldwide. It operates through four segments: Energy & Chemicals; Mining, Industrial, Infrastructure & Power; Diversified Services; and Government.

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Analyst Recommendations for Fluor Co. (NEW) (NYSE:FLR)

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