URS Corp Downgraded by Standpoint Research to “Hold” (URS)
Shares of URS Corp (NYSE:URS) traded up 1.16% during mid-day trading on Tuesday, hitting $59.08. The stock had a trading volume of 1,891,606 shares. URS Corp has a 1-year low of $41.62 and a 1-year high of $58.53. The stock has a 50-day moving average of $46.98 and a 200-day moving average of $47.68. The company has a market cap of $4.074 billion and a price-to-earnings ratio of 21.39.
URS Corp (NYSE:URS) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.96 earnings per share. URS Corp’s revenue was down 9.5% compared to the same quarter last year. On average, analysts predict that URS Corp will post $3.19 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on URS. Analysts at Credit Suisse reiterated a “neutral” rating on shares of URS Corp in a research note on Tuesday. They now have a $56.00 price target on the stock, up previously from $43.00. Separately, analysts at DA Davidson downgraded shares of URS Corp from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $56.00 price target on the stock, up previously from $54.00. Finally, analysts at FBR Capital Markets raised their price target on shares of URS Corp from $45.00 to $56.00 in a research note on Monday. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.30.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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