Fluor Corp
FLR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Ckwk | Vjsz |
Fluor Earnings: Strong Backlog and Prospect Pipeline Position Firm Well for Continued Growth
We’ve raised our fair value estimate for Fluor to $37.50 from $36 after the engineering and construction firm reported solid third-quarter results and increased its full-year outlook for the second time this year. The fair value adjustment is driven by Fluor’s outperformance as well as time value of money.