Why Fluor Corp’s (FLR) Stock Is Down 4.82%

By AAII Staff
September 06, 2024
Featured Tickers:
FLR

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Fluor Corp before investing.

In this article, we go over a few key elements for understanding Fluor Corp’s stock price such as:

  • Fluor Corp’s current stock price and volume
  • Why Fluor Corp’s stock price changed recently
  • Upgrades and downgrades for FLR from analysts
  • FLR’s stock price momentum as measured by its relative strength

About Fluor Corp (FLR)

Before we jump into Fluor Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Fluor Corporation is a holding company that provides engineering, procurement, construction (EPC), fabrication and modularization, and project management services. Its segments include Energy Solutions, Urban Solutions and Mission Solutions. The Energy Solutions segment provides EPC services for the production and fuels, chemicals, liquefied natural gas (LNG) and power markets. The segment serves the oil, gas and chemical industries with full project life-cycle services. Its Urban Solutions segment provides EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, and infrastructure industries, as well as professional staffing services. Its Mission Solutions segment provides technical solutions to federal agencies across the United States government and other governments. These include the Department of Energy (DOE), the Department of Defense, the Federal Emergency Management Agency and intelligence agencies.

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Fluor Corp’s Stock Price as of Market Close

As of September 06, 2024, 4:00 PM, CST, Fluor Corp’s stock price was $44.04.

Fluor Corp is down 4.82% from its previous closing price of $46.27.

During the last market session, Fluor Corp’s stock traded between $46.18 and $47.16. Currently, there are 171.00 million shares of Fluor Corp stock available for purchase.

Fluor Corp’s price-earnings (P/E) ratio is currently at 19.8, which is low compared to the Construction & Engineering industry median of 22.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Fluor Corp Stock Price History

Fluor Corp’s (FLR) price is currently down 12.04% so far this month.

During the month of September, Fluor Corp’s stock price has reached a high of $49.94 and a low of $43.54.

Over the last year, Fluor Corp has hit prices as high as $51.64 and as low as $32.31. Year to date, Fluor Corp’s stock is up 27.06%.

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What Caused Fluor Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 05, 2024, there were 6 analysts who downgraded Fluor Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Fluor Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Fluor Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Fluor Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Fluor Corp (FLR) by visiting AAII Stock Evaluator.

Relative Price Strength of Fluor Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 05, 2024, Fluor Corp has a weighted four-quarter relative price strength of 1.47%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Fluor Corp Stock Price: Bottom Line

As of September 6, 2024, Fluor Corp’s stock price is $44.04, which is down 4.82% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Fluor Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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