Fluor

FLR · NYSE

$45.18−$1.39 (−2.98%)TodayMarket closed · Oct 20, 7:51 PM ET

Prev close $46.57

FLR analyst rating

BuyConsensus of 6 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy4
Hold2
Underperform0
Sell0

12-month price target · 9 analysts

Average $59.81 (+32.4% upside)

Low: $46.46
Now: $45.18
High: $71.40

Upgrades and downgrades

The latest rating actions, newest first

FLR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Aug 10, 2026	Maintains	Buy	$59.00 → $66.00	57%
Truist Securities	Aug 10, 2026	Maintains	Buy	$64.00 → $71.00	59%
Citigroup	Aug 10, 2026	Maintains	Buy	$56.00 → $68.00	63%
Baird	Aug 10, 2026	Maintains	Neutral	$49.00 → $65.00	66%
Barclays	Aug 10, 2026	Maintains	Equal-Weight	$40.00 → $50.00	39%
Truist Securities	Jul 2, 2026	Maintains	Buy	$57.00 → $64.00	59%
Truist Securities	May 11, 2026	Maintains	Buy	$59.00 → $57.00	59%
Citigroup	May 11, 2026	Maintains	Buy	$61.00 → $56.00	63%
Baird	May 11, 2026	Maintains	Neutral	$48.00 → $49.00	66%
Citigroup	Feb 20, 2026	Maintains	Buy	$57.00 → $61.00	63%

The case for and against

Updated Oct 21, 2026

Bull case

Fluor is supported by a more diversified earnings base across urban, mission, and energy solutions, with secular growth exposure in data centers, life sciences, mining, nuclear, and power that should help drive double-digit earnings growth over the medium term with less concentration risk. The company also posted $15.5 billion in 2025 revenue and has a large, high-quality backlog that is about 85% cost reimbursable, while recent awards of $6.1 billion and a pipeline above $60 billion point to sustained bookings momentum and improving visibility. Despite some one-time project noise, its strong cash position of $3.0 billion, ongoing $1.4 billion share repurchase authorization, and shrinking legacy problem projects leave investors focused on a cleaner operating profile and a stronger free cash flow trajectory.

Bear case

Fluor is facing a mixed fundamental backdrop where strong 2Q’26 execution was offset by a still-elevated dependence on project wins and a backlog that fell 5% y/y to $26.891B, with Energy Solutions backlog down 38% y/y to $3.461B. Although revenue rose 9% y/y to $4.329B and adjusted EPS of $0.91 beat estimates, the quarter included about $0.23 of charges tied to Gordie Howe, underscoring persistent project-execution risk and volatility in earnings quality. The company’s awards momentum and book-to-burn of 1.4x are encouraging, but with about 85% of backlog cost reimbursable and management still citing macro, supply-chain, regulatory, and labor risks, upside in profitability remains constrained.

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