Fluor (FLR - Get Report) is one of the world's largest engineering, procurement and construction companies, with a market value of $13 billion and $21 billion in annual revenue. It gets about 72% of its revenue from outside the U.S.
Standard & Poor's gives it a "buy" rating with four out of five stars. The research firm says: "Our 'buy' recommendation is based on our valuation models, along with our view of (Fluor's) favorable long-term prospects, especially in the Americas and Asia-Pacific, and its strong balance sheet. Despite customer uncertainty, we see stronger bookings as customers gradually resume long-term capital investment plans."For fiscal 2010, analysts' consensus estimate is that it will earn $2.08 per share and that that will grow by 59% to $3.31 for fiscal 2011. S&P's survey of analysts' opinions found nine "buy" ratings, six "buy/holds," nine "holds" and one "weak/hold." Fluor's shares have risen 14% this year and 63% in the past 12 months.
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