Last Updated: 14 Sep 2024
Executive Summary
Fluor Corporation (FLR) is a leading global provider of engineering, procurement, construction, and project management services. The company has a strong track record of profitability and growth, and is well-positioned to benefit from the increasing demand for infrastructure and energy projects. FLR's stock price has been trading in a range between $32.31 and $51.64 over the past year, and is currently trading at $45.89. Analysts are generally positive on the stock, with a consensus target price of $54.11.
Company Overview
Fluor Corporation was founded in 1912 and is headquartered in Irving, Texas. The company has a global presence, with operations in over 100 countries. FLR provides a wide range of services, including:
Engineering and design
Procurement and supply chain management
Construction and project management
Maintenance and operations
Asset integrity and project management
FLR's clients include a diverse range of industries, including:
Oil and gas
Mining
Power
Chemicals
Pharmaceuticals
Manufacturing
Infrastructure
Fundamental Analysis
FLR has a strong financial profile. The company has a healthy balance sheet, with total assets of $15.7 billion and total debt of $4.5 billion. FLR also has a strong track record of profitability, with an operating margin of 3.1% and a net income margin of 2.6%. The company's earnings per share (EPS) have grown at an average annual rate of 10% over the past five years.
FLR's valuation metrics are also attractive. The company's trailing price-to-earnings (P/E) ratio is 19.78, which is below the industry average of 22.34. FLR's forward P/E ratio is 13.77, which is also below the industry average.
Technical Analysis
FLR's stock price has been trading in a range between $32.31 and $51.64 over the past year. The stock is currently trading at $45.89, which is above the 50-day moving average of $47.43 and the 200-day moving average of $41.75. The relative strength index (RSI) is 55.32, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
FLR's stock price is likely to continue to trade in a range between $40 and $50 in the short term. The stock is currently trading above its moving averages and the RSI is neutral, which indicates that there is no strong momentum in either direction. However, the stock is also approaching the upper end of its trading range, which could lead to a pullback.
Long Term Outlook
FLR's long-term outlook is positive. The company is well-positioned to benefit from the increasing demand for infrastructure and energy projects. FLR's strong financial profile and track record of profitability make it a good investment for long-term investors.
Analyst Recommendations
Analysts are generally positive on FLR. The consensus target price is $54.11, which represents a potential upside of 18% from the current price. One analyst has a strong buy rating on the stock, five analysts have a buy rating, four analysts have a hold rating, and no analysts have a sell or strong sell rating.
