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Seaport Global Securities downgraded Fluor Corporation (NEW) (NYSE:FLR) to Neutral in a report released today.

Yesterday Fluor Corporation (NEW) (NYSE:FLR) traded -0.60% lower at $50.32. The company’s 50-day moving average is $50.60 and its 200-day moving average is $51.80. The last stock close price is down -3.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 234,247 shares of the stock were exchanged, down from an average trading volume of 1,018,590

Seaport Global Securities has downgraded Fluor Corporation (NEW) (NYSE:FLR) to Neutral in a report released on 10/14/2016.

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Fluor Corporation (NEW) (NYSE:FLR)

Fluor Corporation (NEW) has a 52 week low of $39.48 and a 52 week high of $55.69 with a P/E ratio of 21.88 The company’s market cap is currently $0.

In addition to Seaport Global Securities reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $54.28 with 3 firms rating the stock a strong buy, 7 firms rating the stock a buy, 10 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Fluor Corporation (NEW) (NYSE:FLR)

Fluor Corporation (Fluor) is a holding company. The Company is a professional services company. The Company provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services. It operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. Through its Oil & Gas segment, Fluor serves the oil and gas production, processing, and chemical and petrochemical industries. The Industrial & Infrastructure segment provides design, engineering, procurement, construction, operations and maintenance, and project management services. The Government segment is a provider of engineering, construction, logistics, and environmental and nuclear services, among others. The Global Services segment provides a range of solutions to support projects across Fluor groups. In the Power segment, it provides a range of services to the gas-fueled and solid-fueled markets, among others.

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