Credit Suisse Thinks Fluor Corp’s Stock is Going to Recover

By Austin Angelo

In a report released yesterday, Jamie Cook from Credit Suisse maintained a Buy rating on Fluor Corp (FLRResearch Report), with a price target of $56. The company’s shares closed yesterday at $34.40, close to its 52-week low of $29.78.

According to, Cook is a 4-star analyst with an average return of 5.5% and a 55.4% success rate. Cook covers the Basic Materials sector, focusing on stocks such as Aecom Technology Corp, Jacobs Engineering, and KBR Inc.

Currently, the analyst consensus on Fluor Corp is a Moderate Buy with an average price target of $48.80, which is a 41.9% upside from current levels. In a report issued on February 4, Citigroup also maintained a Buy rating on the stock with a $56 price target.

See today’s analyst top recommended stocks >>

Based on Fluor Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $77.35 million. In comparison, last year the company had a net profit of $60.3 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.