UBS AG Increases Tutor Perini Corp. Price Target to $25.00 (TPC)
Investment analysts at UBS AG lifted their price objective on shares of Tutor Perini Corp. (NYSE:TPC) from $21.00 to $25.00 in a note issued to investors on Thursday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target points to a potential upside of 27.88% from the company’s current price.
Separately, analysts at TheStreet upgraded shares of Tutor Perini Corp. from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th.
Shares of Tutor Perini Corp. (NYSE:TPC) traded up 1.77% during mid-day trading on Thursday, hitting $19.56. The stock had a trading volume of 158,986 shares. Tutor Perini Corp. has a one year low of $9.88 and a one year high of $21.34. The stock’s 50-day moving average is $19.30 and its 200-day moving average is $18.13. The company has a market cap of $936.8 million and a P/E ratio of 8.07.
Tutor Perini Corp. (NYSE:TPC) last released its earnings data on Friday, August 9th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.05. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.16 earnings per share. Tutor Perini Corp.’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Tutor Perini Corp. will post $1.78 earnings per share for the current fiscal year.
In other Tutor Perini Corp. news, major shareholder N. Tutor Separate Prope Ronald sold 100,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $19.03, for a total value of $1,903,000.00. Following the completion of the transaction, the insider now directly owns 8,173,120 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Tutor Perini Corporation (NYSE:TPC) is a construction company offering general contracting, construction management and design-build services to private clients and public agencies worldwide.
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