Jefferies Group Initiates Coverage on URS Corp. (URS)
Stock analysts at Jefferies Group assumed coverage on shares of URS Corp. (NYSE:URS) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
URS Corp. (NYSE:URS) opened at 52.79 on Wednesday. URS Corp. has a one year low of $33.20 and a one year high of $55.79. The stock has a 50-day moving average of $52.27 and a 200-day moving average of $48.17. The company has a market cap of $3.953 billion and a P/E ratio of 12.42.
URS Corp. (NYSE:URS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis.
URS has been the subject of a number of other recent research reports. Analysts at KeyCorp downgraded shares of URS Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 27th. They noted that the move was a valuation call. Separately, analysts at Lazard Capital Markets raised their price target on shares of URS Corp. from $55.00 to $62.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Finally, analysts at Standpoint Research downgraded shares of URS Corp. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 18th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. URS Corp. presently has a consensus rating of “Hold” and an average price target of $51.50.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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