Tutor Perini Corp. Hits New 52-Week High at $22.68 (TPC)
Tutor Perini Corp. (NYSE:TPC)’s share price reached a new 52-week high during trading hours on Monday, American Banking News.com reports. The company traded as high as $22.68 and last traded at $22.47, with a volume of 161,169 shares traded. The stock had previously closed at $21.68.
Several analysts have recently commented on the stock. Analysts at FBR & Co. initiated coverage on shares of Tutor Perini Corp. in a research note to investors on Wednesday, September 11th. They set an “outperform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Tutor Perini Corp. in a research note to investors on Tuesday, September 10th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Tutor Perini Corp. 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. Five equities research analysts have rated the stock with a buy rating, Tutor Perini Corp. presently has a consensus rating of “Buy” and a consensus price target of $24.33.
Tutor Perini Corp. has a 1-year low of $9.88 and a 1-year high of $21.94. The stock’s 50-day moving average is $19.91 and its 200-day moving average is $18.67. The company has a market cap of $1.078 billion and a price-to-earnings ratio of 9.11.
Tutor Perini Corp. (NYSE:TPC) last posted its quarterly earnings results 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. Analysts expect that Tutor Perini Corp. will post $1.80 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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