URS Corp Given New $59.00 Price Target at Barclays (URS)
Investment analysts at Barclays increased their price target on shares of URS Corp (NYSE:URS) from $44.00 to $59.00 in a note issued to investors on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would indicate a potential upside of 1.03% from the company’s current price.
Shares of URS Corp (NYSE:URS) traded down 0.27% during mid-day trading on Thursday, hitting $58.40. The stock had a trading volume of 1,804,964 shares. URS Corp has a 52-week low of $41.62 and a 52-week high of $59.71. The stock’s 50-day moving average is $47.9 and its 200-day moving average is $47.88. The company has a market cap of $4.028 billion and a price-to-earnings ratio of 21.45.
URS Corp (NYSE:URS) last released its 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 $3.20 EPS for the current fiscal year.
A number of other firms have also recently commented on URS. Analysts at Davidson downgraded shares of URS Corp to a “neutral” rating in a research note on Tuesday. Separately, analysts at Standpoint Research downgraded shares of URS Corp from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. URS Corp presently has an average rating of “Hold” and a consensus target price of $52.67.
URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.
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