MKM Partners Reiterates a Hold Rating on Fluor Corp.

By Jason Carr

In a report released today, Daniel Scott from MKM Partners reiterated a Hold rating on Fluor Corp. (NYSE: FLR), with a price target of $45. The company’s shares opened today at $44.18.

According to TipRanks.com, Scott is ranked 0 out of 5 stars with an average return of -17.8% and a 27.9% success rate. Scott covers the Basic Materials sector, focusing on stocks such as Hallador Energy Company, Cloud Peak Energy Inc, and Natural Resource PRN.

Currently, the analyst consensus on Fluor Corp. is Hold and the average price target is $50, representing a 13.2% upside.

In a report released today, D.A. Davidson also downgraded the stock to Hold.

Based on Fluor Corp.’s latest earnings report from June 30, the company posted quarterly revenue of $4.86B and quarterly net profit of $101.8M. In comparison, last year the company earned revenue of $4.38B and had a net profit of $171.3M.

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.