D.A. Davidson Downgrades Fluor Corp. to Hold

By Ryan Adsit

In a report released today, John B. Rogers from D.A. Davidson downgraded Fluor Corp. (NYSE: FLR) to Hold. The company’s shares closed yesterday at $51.79.

According to TipRanks.com, Rogers is a 1-star analyst with an average return of -1.9% and a 41.7% success rate. Rogers covers the Industrial Goods sector, focusing on stocks such as Granite Construction Inc., Great Lakes Dredge & Dock, and Layne Christensen Company.

Fluor Corp. has an analyst consensus of Hold, with a price target consensus of $50.

The company has a one year high of $55.69 and a one year low of $39.48. Currently, Fluor Corp. has an average volume of 1.11M.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2016, Nader Hamad Sultan, a Director at FLR sold 1,738 shares for a total of $82,068.

Fluor Corp. is a holding company engages in engineering and technology. It operates through the following segments: oil and gas, industrial and infrastructure, government, global services, and power. The oil and gas segment offers a range of services including design, engineering, procurement, construction, fabrication, and project management services to energy-related industries. The industrial and infrastructure segment offers solutions in the field of transportation, commercial and institutional, manufacturing, life sciences, mining and metals, telecommunications, microelectronics, and water sectors. The government refers to engineering, construction, logistics, base and facilities operations, maintenance contingency response, and environmental and nuclear services to the government and in abroad. The global services segment provides integrated solutions that supports global operations such as site equipment, and tool services, industrial fleet services and staffing services. The power segment provides services to the gas fueled, solid fueled, environmental compliance, renewable, nuclear and power services market which include engineering, procurement, construction, start-up commissioning, operations and maintenance and technical services. The company was founded on by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.