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Stock analysts at Sidoti assumed coverage on shares of Tutor Perini Corp (NYSE:TPC) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

Tutor Perini Corp (NYSE:TPC) opened at 30.12 on Wednesday. Tutor Perini Corp has a 52-week low of $17.00 and a 52-week high of $32.11. The stock’s 50-day moving average is $30.69 and its 200-day moving average is $27.5. The company has a market cap of $1.462 billion and a P/E ratio of 16.56.

Tutor Perini Corp (NYSE:TPC) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. The company had revenue of $955.20 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Analysts expect that Tutor Perini Corp will post $2.33 EPS for the current fiscal year.

TPC has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Tutor Perini Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Separately, analysts at FBR Capital Markets raised their price target on shares of Tutor Perini Corp from $36.00 to $38.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Tutor Perini Corp from $36.00 to $40.00 in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Tutor Perini Corp presently has an average rating of “Buy” and a consensus price target of $39.00.

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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