URS Corp. Stock Rating Lowered by Standpoint Research (URS)
URS Corp. (NYSE:URS) was downgraded by equities researchers at Standpoint Research to a “hold” rating in a research report issued on Wednesday, Stock Ratings Network reports.
A number of other analysts have also recently weighed in on URS. Analysts at DA Davidson reiterated a “buy” rating on shares of URS Corp. (NYSE:URS) in a research note to investors on Friday, September 13th. They now have a $60.00 price target on the stock, up previously from $55.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of URS Corp. (NYSE:URS) in a research note to investors on Monday, August 12th. They now have a $50.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of URS Corp. (NYSE:URS) from $44.00 to $47.00 in a research note to investors on Thursday, August 8th.
Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.
Shares of URS Corp. (NYSE:URS) traded down 0.31% on Wednesday, hitting $54.69. The stock had a trading volume of 325,638 shares. URS Corp. has a 1-year low of $33.20 and a 1-year high of $54.87. The stock’s 50-day moving average is $49.50 and its 200-day moving average is $47.16. The company has a market cap of $4.096 billion and a P/E ratio of 12.91.
URS Corp. (NYSE:URS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.91 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.96 by $0.05. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts expect that URS Corp. will post $4.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 4th. Investors of record on Friday, September 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, September 11th.
In other URS Corp. news, Insider Gary V. Jandegian sold 4,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.70, for a total transaction of $202,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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