Why Fluor Stock Is Climbing Higher Today
Construction and engineering giant Fluor (NYSE: FLR) saw its shares fall back in March, after the company sold off its South American operations and tried to wait out a couple of legacy projects that were eating into returns. Judging by the latest results, the company has succeeded in getting back on track.
Shares of Fluor gained more than 15% on Friday after the company easily surpassed Wall Street expectations for the quarter and upped its full-year guidance.
Fluor provides engineering and construction services for large customers. The company earned $0.76 per share in the second quarter on revenue of $3.94 billion, topping the consensus estimate of $0.43 per share on $3.6 billion in revenue.
Source Fool.com
Fluor Corp. Stock
€36.11
8.490%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
As a result the target price of 54 € shows a positive potential of 49.54% compared to the current price of 36.11 € for Fluor Corp..
