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URS Corp (NYSE:URS) was downgraded by equities researchers at Sterne Agee from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.

Shares of URS Corp (NYSE:URS) opened at 59.16 on Thursday. URS Corp has a 1-year low of $41.62 and a 1-year high of $59.71. The stock’s 50-day moving average is $54.9 and its 200-day moving average is $48.71. The company has a market cap of $4.080 billion and a P/E ratio of 21.35. URS Corp also was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 2,110,256 shares, a drop of 68.8% from the July 15th total of 6,757,326 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 1,898,224 shares, the short-interest ratio is presently 1.1 days.

URS Corp (NYSE:URS) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.63. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.69 billion. On average, analysts predict that URS Corp will post $3.20 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Shareholders of record on Friday, September 19th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, September 17th.

A number of other analysts have also recently weighed in on URS. Analysts at Barclays raised their price target on shares of URS Corp from $44.00 to $59.00 in a research note on Thursday, July 17th. They now have an “equal weight” rating on the stock. Separately, analysts at Davidson downgraded shares of URS Corp to a “neutral” rating in a research note on Tuesday, July 15th. Finally, analysts at Standpoint Research downgraded shares of URS Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $53.25.

URS Corporation (NYSE:URS) is a provider of engineering, construction and technical services.

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