URS Corp Receives New Coverage from Analysts at Alembic Global Advisors (URS)
Equities research analysts at Alembic Global Advisors started coverage on shares of URS Corp (NYSE:URS) in a research note issued to investors on Thursday. The firm set a “neutral” rating and a $48.00 price target on the stock. Alembic Global Advisors’ target price would suggest a potential upside of 4.87% from the company’s current price.
A number of other analysts have also recently weighed in on URS. Analysts at Robert W. Baird cut their price target on shares of URS Corp from $46.00 to $45.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of URS Corp in a research note on Wednesday, May 14th. They now have a $44.00 price target on the stock, down previously from $45.00. Finally, analysts at Credit Suisse cut their price target on shares of URS Corp from $46.00 to $43.00 in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.40.
URS Corp (NYSE:URS) traded down 0.45% during mid-day trading on Thursday, hitting $45.565. 131,251 shares of the company’s stock traded hands. URS Corp has a 1-year low of $41.62 and a 1-year high of $55.79. The stock’s 50-day moving average is $45.91 and its 200-day moving average is $48.33. The company has a market cap of $3.142 billion and a price-to-earnings ratio of 16.77.
URS Corp (NYSE:URS) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.31. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. Analysts expect that URS Corp will post $3.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, June 18th.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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