Tutor Perini Corp. (TPC) PT Set at $28.00 by MKM Partners
Tutor Perini Corp. (NYSE:TPC) has been assigned a $28.00 price target by analysts at MKM Partners in a note issued to investors on Friday. The firm presently has a a “buy” rating on the stock. MKM Partners’ price objective would suggest a potential upside of 32.33% from the stock’s current price.
A number of other analysts also recently commented on TPC. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. FBR & Co reiterated an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of Tutor Perini Corp. in a research report on Thursday, June 30th. Zacks Investment Research downgraded Tutor Perini Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. TheStreet downgraded Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, Standpoint Research upgraded Tutor Perini Corp. from a “hold” rating to a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.29.
Shares of Tutor Perini Corp. (NYSE:TPC) traded up 1.98% on Friday, reaching $21.16. The company’s stock had a trading volume of 1,599,301 shares. The stock has a 50-day moving average of $22.09 and a 200 day moving average of $21.06. Tutor Perini Corp. has a 52 week low of $10.16 and a 52 week high of $25.98. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 16.15 and a beta of 2.48.
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Tutor Perini Corp. (NYSE:TPC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.08. Tutor Perini Corp. had a return on equity of 5.49% and a net margin of 1.32%. The firm earned $1.31 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business posted $0.41 EPS. Tutor Perini Corp.’s revenue was down .3% compared to the same quarter last year. On average, analysts expect that Tutor Perini Corp. will post $2.04 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new stake in Tutor Perini Corp. during the first quarter worth $740,000. BlackRock Inc. boosted its stake in Tutor Perini Corp. by 9.0% in the first quarter. BlackRock Inc. now owns 12,899 shares of the company’s stock worth $200,000 after buying an additional 1,064 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Tutor Perini Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 985,170 shares of the company’s stock worth $15,310,000 after buying an additional 16,868 shares in the last quarter. UBS Group AG boosted its stake in Tutor Perini Corp. by 4.8% in the first quarter. UBS Group AG now owns 251,868 shares of the company’s stock worth $3,914,000 after buying an additional 11,513 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Tutor Perini Corp. during the first quarter worth $645,000. 82.48% of the stock is owned by hedge funds and other institutional investors.
Tutor Perini Corp. Company Profile
Tutor Perini Corporation, formerly Perini Corporation, is a construction company offering general contracting, construction management and design-build services to private customers and public agencies. The Company operates through three segments. The Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure.
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