Tutor Perini Corp. Coverage Initiated at FBR & Co. (TPC)
Equities researchers at FBR & Co. initiated coverage on shares of Tutor Perini Corp. (NYSE:TPC) in a research report issued on Wednesday, StockRatingsNetwork reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on TPC. Analysts at FBR Capital Markets initiated coverage on shares of Tutor Perini Corp. (NYSE:TPC) in a research note to investors on Tuesday. They set an “outperform” rating and a $28.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Tutor Perini Corp. (NYSE:TPC) from $21.00 to $25.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Finally, analysts at TheStreet upgraded shares of Tutor Perini Corp. (NYSE:TPC) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, August 14th.
Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $24.33.
Shares of Tutor Perini Corp. (NYSE:TPC) opened at 18.65 on Wednesday. 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 $19.38 and its 200-day moving average is $18.23. The company has a market cap of $893.3 million and a P/E ratio of 7.83.
Tutor Perini Corp. (NYSE:TPC) last announced its earnings results on Friday, August 9th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Tutor Perini Corp. will post $1.78 EPS for the current fiscal year.
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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