Canaccord Genuity analyst Yuri Lynk downgraded Fluor Corp (NYSE: FLR) to Hold today and set a price target of $52. The company’s shares opened today at $47.14.
Lynk has an average return of 4.7% when recommending Fluor Corp.
According to TipRanks.com, Lynk is ranked #442 out of 4773 analysts.
Currently, the analyst consensus on Fluor Corp is Moderate Buy and the average price target is $61.67, representing a 30.8% upside.
In a report released today, Robert W. Baird also downgraded the stock to Hold.
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Based on Fluor Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.82 billion and GAAP net loss of $17.6 million. In comparison, last year the company earned revenue of $4.84 billion and had a net profit of $60.61 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.
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Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: Energy, Chemicals & Mining, Industrial, Infrastructure & Power, Government and Diversified Services.
