Fluor Corporation (NYSE: FLR)’s stock price has gone decline by -0.35 in comparison to its previous close of 53.86, however, the company has experienced a 6.34% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-10-20 that Fluor Corporation is expected to have a strong finish to 2024, with positive momentum continuing into 2025. The company benefits from a steady flow of new contract awards, bolstering its positive outlook. Fluor’s stock valuation remains reasonable, making it an attractive investment opportunity.
Is It Worth Investing in Fluor Corporation (NYSE: FLR) Right Now?
Fluor Corporation (NYSE: FLR) has a price-to-earnings ratio that is above its average at 23.01x. The stock has a 36-month beta value of 1.93. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for FLR is 169.18M, and at present, short sellers hold a 4.13% of that float. On October 23, 2024, the average trading volume of FLR was 1.55M shares.
FLR’s Market Performance
The stock of Fluor Corporation (FLR) has seen a 6.34% increase in the past week, with a 15.05% rise in the past month, and a 13.80% gain in the past quarter. The volatility ratio for the week is 4.53%, and the volatility levels for the past 30 days are at 2.93% for FLR. The simple moving average for the last 20 days is 6.51% for FLR’s stock, with a simple moving average of 24.10% for the last 200 days.
Analysts’ Opinion of FLR
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see FLR reach a price target of $57. The rating they have provided for FLR stocks is “Overweight” according to the report published on July 17th, 2024.
Truist gave a rating of “Buy” to FLR, setting the target price at $46 in the report published on March 14th of the current year.
FLR Trading at 10.49% from the 50-Day Moving Average
After a stumble in the market that brought FLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.92% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +15.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.53% upper at present.
During the last 5 trading sessions, FLR rose by +6.34%, which changed the moving average for the period of 200-days by +40.09% in comparison to the 20-day moving average, which settled at $50.39. In addition, Fluor Corporation saw 37.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FLR starting from Brennan Joseph L, who sale 11,619 shares at the price of $50.30 back on Oct 07 ’24. After this action, Brennan Joseph L now owns 41,908 shares of Fluor Corporation, valued at $584,401 using the latest closing price.
Brennan Joseph L, the EVP, CHIEF FINANCIAL OFFICER of Fluor Corporation, sale 4,012 shares at $50.01 during a trade that took place back on Oct 04 ’24, which means that Brennan Joseph L is holding 53,527 shares at $200,622 based on the most recent closing price.
Stock Fundamentals for FLR
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.04 for the gross margin
The net margin for Fluor Corporation stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 20.92, with 6.07 for asset returns.
Based on Fluor Corporation (FLR), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 15.7.
Currently, EBITDA for the company is 555.0 million with net debt to EBITDA at -2.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.49. The receivables turnover for the company is 7.88for trailing twelve months and the total asset turnover is 2.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To sum up, Fluor Corporation (FLR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
