What about FLR
11/8/2024 08:15pm
**Fluor Corporation (FLR) exhibits positive signs of a strong buy, as evidenced by recent analyst ratings, price target actions, and institutional investments.** Here's a detailed analysis to support this conclusion:
1. **Analyst Ratings and Price Targets**:
- FLR has received strong buy ratings from multiple analysts, including Jamie Cook at Truist Securities, Andrew Alec Kaplowitz at Citigroup, and Steven Fisher at UBS.
- Price targets have been raised or upgraded, with targets ranging from $63 to $66, indicating a potential upside from the current price.
2. **Institutional Investments**:
- US Bancorp DE boosted its stake in FLR by 99.6% in the third quarter, demonstrating confidence in the company's prospects.
- Harbor Capital Advisors Inc. increased its position by 166.9% in the same quarter, showing a significant institutional interest.
- Other institutional investors have also made notable increases in their holdings, further reinforcing the strong interest in FLR.
3. **Market Performance and Technical Indicators**:
- FLR's options trading activity shows high volume for certain strike prices, indicating active market interest and a possible bullish sentiment.
- The stock's 5-day moving average is $57.50, and the 10-day is $57.80, suggesting a short-term upward trend.
4. **Stock Price and Recent Performance**:
- The current price target of $66 represents a 0.08 increase from the previous target, indicating a positive outlook.
- FLR's stock price has shown resilience and a potential upward trajectory, which could be a reflection of the company's strong fundamentals.
In conclusion, the strong buy ratings, price target actions, and significant institutional investments in Fluor Corporation (FLR) paint a positive picture for the stock. Investors may consider FLR as a strong buy based on these factors.