Fluor Corporation (NYSE:FLR) is one of the best stocks under $50 to invest in. On January 14, Bank of America analyst Michael Feniger raised the firm’s price target on Fluor to $47.50 from $43 and kept a Neutral rating. This adjustment was made as part of the firm’s 2026 outlook for the machinery, engineering, construction, and waste sectors.
While much of Feniger’s coverage experienced a multiple re-rating to a recovery valuation as demand and earnings per share reached their lows, the analyst suggested that future outperformance depends on a transition from multiple expansion to actual earnings growth and noted that not all companies will successfully make this transition.
In Q3 2025, Fluor Corporation reported a $653 million revenue reversal and a $533 million segment loss in Energy Solutions following an adverse court ruling regarding the Santos project. Despite this impact, the company raised its 2025 adjusted EBITDA guidance to a range of $510 to $540 million and adjusted EPS guidance between $2.10 and $2.25, supported by $3.3 billion in new awards and a robust $28 billion backlog.
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Fluor Corporation provides engineering, procurement, and construction; fabrication and modularization; and project management services worldwide. The company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions.
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This article is originally published at Insider Monkey.
