Robert W. Baird Sticks to Its Hold Rating for Fluor (FLR)

Robert W. Baird analyst Andrew Wittmann maintained a Hold rating on Fluor (FLRResearch Report) on January 10 and set a price target of $30.00. The company’s shares closed last Thursday at $23.80.

According to TipRanks.com, Wittmann is a 5-star analyst with an average return of 18.9% and a 68.6% success rate. Wittmann covers the Industrial Goods sector, focusing on stocks such as Concrete Pumping Holdings, Construction Partners, and Jacobs Engineering.

Currently, the analyst consensus on Fluor is a Hold with an average price target of $25.20, which is a 6.6% upside from current levels. In a report released today, Credit Suisse also maintained a Hold rating on the stock with a $25.00 price target.

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Fluor’s market cap is currently $3.3B and has a P/E ratio of -10.48.

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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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