Act On Key Analyst Price Target Shifts: Owl Rock Capital Corporation (ORCC), Fluor Corporation (FLR)

You should consider shares of Owl Rock Capital Corporation (NYSE:ORCC) and Fluor Corporation (NYSE:FLR) if you are looking for a great stocks to invest in. Starting with the ORCC shares, which traded at $16.13 at the close of the recent session, dropping -3.53%. On Wednesday, the company’s shares shed -$0.59 from its value which represented in intraday trading. The stock is now -9.84% lower in year-to-date (YTD) trading. ORCC’s intraday high was $16.62 while its lowest price touched $16.04. The stock’s 52-week high price is $19.19, which means the current price is at -15.95%. In terms of trading activity, the daily trading volume of the stock is 1774303.

What are analyst forecasts for Owl Rock Capital Corporation (NYSE:ORCC)?

At a consensus rating of 3.00, ORCC is trending as a streaking Hold, as it has been the case a month ago when 10 analysts called it a Hold. Two months ago, 10 analysts recommended, on average, that ORCC stock is a Hold. The Technology company’s shares’ overall bearish trend saw it close higher on Wednesday compared to its opening price of $16.62 on the day.

Forecasts for Owl Rock Capital Corporation (NYSE:ORCC) give the stock a fair value for the growth of 3.7% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $16.75, which means the price per share could rise by nearly $0.62. The price range target is between a low of $16.00 and a high of $19.00. The stock would need to gain by about $15.11 to hit the estimated high or 0.93% from its 12-month low.

The consensus among 10 analysts is that it is a good time for one to Hold in the Owl Rock Capital Corporation. 2 analysts rate ORCC as a Buy, with 2 of 10 analysts rate it as a Sell. 0 have valued the stock as Overweight and 6 have recommended that investors Hold.

Owl Rock Capital Corporation (NYSE:ORCC) Upgrades and Downgrades

In terms of rating changes, RBC Capital Mkts on January 03, 2020, Downgrade Owl Rock Capital Corporation (ORCC) at Sector Perform. They believe the stock could reach $17 in the near term. Analysts at Raymond James have assigned a Underperform rating for the stock in their research note on January 03, 2020. Moreover, Wells Fargo analysts issued a rating of Underperform for the stock on November 05, 2019, giving it a price target of $16 for the next 12 months. On November 01, 2019, the stock earned a Neutral rating due to an analyst call from Ladenburg Thalmann, while analysts from Raymond James on October 22, 2019 suggested that the stock is Mkt Perform.

Fluor Corporation (NYSE:FLR) adds -$0.17 on Wednesday

The FLR stock has risen 7.15% year-to-date and is currently trading at $20.23, which is -51.73% below its 52-week high. The company shares lost -0.83% on the day and have risen nearly 26.44% off a low hit. At current levels, Fluor Corporation has a valuation of about $15.42B. As of 01/15/20, this stock has risen 6.31% during the week and closed at $20.40 in the previous session. However, recent Fluor Corporation stock performance shows that FLR shares are 17.34% up over the last month, and 5.58% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.61, with the trailing 12-month share earnings at -$9.81. The ratio is expected to be down by -693.10% for the current year 2019 and 117.00% for next year. Over the next 5-year period, earnings per share will be 11.01%. But will the FLR stock surprise in the current quarter results, where the -$5.29 actual EPS reported on 9/29/2019 surprised by -1,569.40% or was lower by -$5.65 from the estimated $0.36.

Sales Growth to decline -0.70% for the year

How well will Fluor Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $3.78B and $4.22B in current quarter sales. The consensus estimated for the current quarter is $4.07B from sales. Forecasts for this fiscal year are between $14.77B and $16.45B and the consensus estimate for sales is at $16.01B. FLR has its next quarter sales estimates at between $3.57B and $4.33B, with the quarter-over-quarter growth estimates at -5.80% and the annual growth forecast for the year at -0.70%.

Who owns shares in Fluor Corporation (FLR)?

Let’s briefly focus on the share ownership of the Fluor Corporation (NYSE:FLR) stock, where we find that 91.89% of shares are held by institutions. Blackrock Inc. tops the list of institutional owners as it is holding 14.61 million shares or 10.42% of shares outstanding. Vanguard Group, Inc. (The) and ClearBridge Investments, LLC held 12.73 million and 6.99 million representing 9.08% and 4.99% respectively at the close of the last trading session. As of Sep 29, 2019, Caisse De Depot Et Placement Du Quebec accounted for 6.84 million shares at over 130.84 million. This represented 4.88% of shares outstanding. State Street Corporation held 4.87 million shares at over 93.26 million representing 3.48% of shares outstanding.

FLR Insider Activity

On 5/13/2019, Interim Chief Executive Officer by the name Hernandez Carlos Manuel bought 17001.0 shares worth $501900.0 at the price of $29.52 per share. Filings also show that Hernandez Carlos Manuel bought a total of 17001.0 shares on 5/13/2019 valued at $501900.0. Since the last insider activity, the company’s share price has dropped -31.49%.