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Investing.com - DA Davidson has reiterated its Buy rating and $50.00 price target on Fluor (NYSE:FLR), the global engineering and construction company. The stock, currently trading at $41.07, appears undervalued according to InvestingPro analysis, with a P/E ratio of just 1.69 and strong financial health metrics.
The research firm described Fluor’s recent quarterly performance as "noisy" and noted slower bookings momentum for the company. Despite these challenges, DA Davidson maintained its positive outlook on the stock, supported by Fluor’s solid balance sheet with more cash than debt and revenue growth of 3.62% over the last twelve months.
A key factor in the firm’s assessment is Fluor’s plan to monetize a portion of its small modular reactor (SMR) investment, which the analysts view as a positive development for the company.
DA Davidson has revised its estimates lower for Fluor but emphasized that the current value of the company’s SMR ownership is significant and should be acknowledged by investors.
The research firm specifically noted that the SMR investment could potentially benefit shareholders if a portion of the value is returned through share repurchases.
In other recent news, Fluor Corporation reported its second-quarter 2025 financial results, which did not meet Wall Street’s expectations. The company announced an earnings per share (EPS) of $0.43, which was lower than the forecasted $0.56. Additionally, revenue for the quarter was $4 billion, falling short of the anticipated $4.55 billion. These results marked a notable miss in both earnings and revenue projections. The financial performance was a significant development for investors, as it highlighted challenges faced by the company during this period. While the earnings report did not meet expectations, there were no updates on mergers or acquisitions. Analyst firms have yet to release any recent upgrades or downgrades following these results. These developments are part of the ongoing updates concerning Fluor Corporation.
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