Alert: Rating Downgrade (12/15/23)-Fluor Corp (NYSE: FLR).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Fluor Corp (NYSE: FLR) weakened recently. FLR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.


Recent Price Action

Fluor Corp (NYSE: FLR) stock declined slightly by -0.8% on 12/15/23. The stock closed at $39.37. Moreover, trading volume in this decline was exceptionally high at 414% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.8% during the last week.

Current PriceTarget Research Rating

FLR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Fluor has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Fluor has a poor Appreciation Score of 27 but a very high Power Rating of 99, with the High Neutral Value Trend Rating the result.

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