Tutor Perini Corp. (TPC) Shares Down 2%
Shares of Tutor Perini Corp. (NYSE:TPC) dropped 2% during trading on Thursday . The stock traded as low as $23.14 and last traded at $23.27, with a volume of 148,902 shares changing hands. The stock had previously closed at $23.75.
TPC has been the topic of several research reports. Zacks Investment Research upgraded shares of Tutor Perini Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Saturday, May 7th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Tutor Perini Corp. in a research report on Wednesday, June 29th. MKM Partners upgraded shares of Tutor Perini Corp. from a “neutral” rating to a “buy” rating and increased their price target for the company from $23.00 to $28.00 in a research report on Wednesday. TheStreet lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Finally, Standpoint Research lowered shares of Tutor Perini Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.29.
The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 17.95. The stock’s 50-day moving average is $24.19 and its 200 day moving average is $19.46.
Tutor Perini Corp. (NYSE:TPC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, analysts forecast that Tutor Perini Corp. will post $2.04 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.