Tutor Perini Corp Reaches New 52-Week High at $32.37 (TPC)
Tutor Perini Corp (NYSE:TPC) hit a new 52-week high during trading on Tuesday , AnalystRatings.Net reports. The stock traded as high as $32.37 and last traded at $32.22, with a volume of 96,272 shares changing hands. The stock had previously closed at $31.74.
TPC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Tutor Perini Corp from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $34.50 price target on the stock. Separately, analysts at Sidoti initiated coverage on shares of Tutor Perini Corp in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.50.
The stock’s 50-day moving average is $30.85 and its 200-day moving average is $27.73. The company has a market cap of $1.552 billion and a price-to-earnings ratio of 17.45.
Tutor Perini Corp (NYSE:TPC) last announced its earnings results 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. On average, analysts predict that Tutor Perini Corp will post $2.33 earnings per share 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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