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Robert W. Baird Remains a Buy on Fluor (FLR)

Robert W. Baird analyst Andrew Wittmann maintained a Buy rating on Fluor (FLRResearch Report) on August 25 and set a price target of $32.00. The company’s shares closed last Friday at $27.70.

Wittmann covers the Services sector, focusing on stocks such as Cintas, UniFirst, and ARAMARK Holdings. According to TipRanks, Wittmann has an average return of 15.5% and a 67.47% success rate on recommended stocks.

Currently, the analyst consensus on Fluor is a Moderate Buy with an average price target of $29.00.

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Based on Fluor’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.3 billion and a net profit of $66 million. In comparison, last year the company earned a revenue of $3.68 billion and had a GAAP net loss of $115 million

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Fluor Corp. is a holding company, which engages in providing engineering, procurement, construction, fabrication and modularization, operations, maintenance and asset integrity, as well as project management services, on a global basis. It operates through the following four segments: Energy & Chemicals, Mining, Industrial, Infrastructure & Power, Diversified Services and Government. The Energy & Chemicals segment focuses on opportunities in the upstream, midstream, downstream, chemical, petrochemical, offshore and onshore oil and gas production, liquefied natural gas and pipeline markets. The Mining, Industrial, Infrastructure & Power segment provides design, engineering, procurement, construction and project management services to the mining and metals, transportation, life sciences, advanced manufacturing and power sectors. The Diversified segment provides a wide array of asset services, asset integrity services, equipment solutions and staffing services. The Government segment provides engineering, construction, logistics, base and facilities operations and maintenance, contingency response and environmental and nuclear services to the U.S. government and governments abroad. The company was founded by John Simon Flour, Sr. in 1912 and is headquartered in Irving, TX.

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