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URS Corp (NYSE:URS) hit a new 52-week high during trading on Monday , American Banking and Market News reports. The stock traded as high as $59.83 and last traded at $59.73, with a volume of 213,987 shares traded. The stock had previously closed at $59.42.

URS has been the subject of a number of recent research reports. Analysts at Sterne Agee downgraded shares of URS Corp from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, 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. Finally, analysts at Davidson downgraded shares of URS Corp to a “neutral” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $53.25.

The stock’s 50-day moving average is $55.78 and its 200-day moving average is $48.84. The company has a market cap of $4.145 billion and a price-to-earnings ratio of 19.38. URS Corp also saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 2,110,256 shares, a decrease of 68.8% from the July 15th total of 6,757,326 shares. Based on an average daily trading volume, of 1,898,224 shares, the days-to-cover ratio is currently 1.1 days. Currently, 3.1% of the shares of the stock are sold short.

URS Corp (NYSE:URS) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ 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 $3.28 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 1.47%. The ex-dividend date of this dividend is Wednesday, September 17th.

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

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