Fluor Corporation (NYSE:FLR) Downgraded by DA Davidson to "Neutral"


Fluor Corporation (FLR) traded down 9.01% on Friday, hitting $39.91.

SCANA Corporation is a holding company.

Several other research firms also recently weighed in on FLR. Personal Capital Advisors invested 0.71% in Fluor Corporation (NEW) (NYSE:FLR). Huntington National Bank boosted its stake in Fluor Corporation by 24.2% in the first quarter. Janney Montgomery Scott LLC now owns 44,263 shares of the construction company's stock valued at $2,026,000 after buying an additional 1,188 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Fluor Corporation during the first quarter valued at $175,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Fluor Corporation by 9.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 3,714 shares of the construction company's stock valued at $183,000 after buying an additional 122 shares during the period. Smithfield Trust Co. boosted its position in Fluor Corporation by 393.3% in the second quarter. State of Alaska Department of Revenue now owns 4,074 shares of the construction company's stock valued at $186,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 83.51% of the company's stock.

Nordea Invest Mngmt reported 0% in Fluor Corporation (NEW) (NYSE:FLR). The firm has a 50-day moving average price of $45.12 and a 200 day moving average price of $50.11. The company has market cap of $6.13 billion.

With a total market value of $0, Fluor has price-earnings ratio of 23.44 with a one year low of $38.78 and a one year high of $58.37. More interesting news about Fluor Corporation (NEW) (NYSE:FLR) were released by: Benzinga.com and their article: "Earnings Scheduled For August 3, 2017" published on August 03, 2017 as well as Seekingalpha.com's news article titled: "Fluor: Speculation Obscures Prospects" with publication date: July 17, 2017. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. The business had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.94 billion. Fluor Corporation had a net margin of 1.22% and a return on equity of 13.89%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Fluor Corporation will post $2.38 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 5th will be paid a $0.21 dividend. Its down 0.10, from 1.02 in 2016Q3. Fluor Corporation's dividend payout ratio (DPR) is 50.00%.

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The Irving, Texas-based company said it had a loss of 17 cents per share. BidaskClub cut shares of Fluor Corporation from a "sell" rating to a "strong sell" rating in a research note on Wednesday, July 12th. Credit Suisse Group cut their price objective on Fluor Corporation from $69.00 to $52.00 and set a "neutral" rating on the stock in a report on Monday, May 15th. Deutsche Bank AG downgraded shares of Fluor Corporation from a "buy" rating to a "hold" rating and set a $40.00 price target for the company.in a research note on Friday. The stock of Fluor Corporation (NEW) (NYSE:FLR) has "Neutral" rating given on Friday, November 4 by Macquarie Research. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Fluor Corporation presently has an average rating of "Hold" and an average target price of $52.82.

Canaccord Genuity raised its rating on Fluor Corporation to Buy on 08/05/2017 in a reversal from its prior Hold rating.