Tutor Perini Corporation (NYSE:TPC) Given Consensus Rating of “Buy” by Brokerages

Shares of Tutor Perini Corporation (NYSE:TPC) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.40.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Tutor Perini Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Tutor Perini Corporation from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity reissued a “buy” rating on shares of Tutor Perini Corporation in a research note on Friday, June 23rd.

WARNING: “Tutor Perini Corporation (NYSE:TPC) Given Consensus Rating of “Buy” by Brokerages” was first posted by Zolmax and is owned by of Zolmax. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://zolmax.com/investing/tutor-perini-corporation-nysetpc-given-consensus-rating-of-buy-by-brokerages/1560317.html.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/tutor-perini-corporation-nysetpc-given-consensus-rating-of-buy-by-brokerages/1560317.html

Tutor Perini Corporation (NYSE TPC) traded down 2.63% during trading on Friday, hitting $25.95. 413,766 shares of the company’s stock traded hands. The stock has a market cap of $1.29 billion, a P/E ratio of 12.76 and a beta of 2.42. The firm’s 50-day moving average price is $27.88 and its 200 day moving average price is $28.91. Tutor Perini Corporation has a 12-month low of $18.05 and a 12-month high of $33.00.

Tutor Perini Corporation (NYSE:TPC) last issued its earnings results on Monday, August 7th. The construction company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Tutor Perini Corporation had a net margin of 2.08% and a return on equity of 6.60%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. Analysts anticipate that Tutor Perini Corporation will post $2.26 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Tutor Perini Corporation during the fourth quarter worth $1,646,000. Bank of America Corp DE raised its stake in Tutor Perini Corporation by 64.7% in the first quarter. Bank of America Corp DE now owns 311,710 shares of the construction company’s stock worth $9,913,000 after buying an additional 122,419 shares during the last quarter. Shell Asset Management Co. purchased a new stake in Tutor Perini Corporation during the first quarter worth $1,165,000. ClariVest Asset Management LLC raised its stake in Tutor Perini Corporation by 23.8% in the first quarter. ClariVest Asset Management LLC now owns 234,245 shares of the construction company’s stock worth $7,448,000 after buying an additional 45,000 shares during the last quarter. Finally, KAMES CAPITAL plc purchased a new stake in Tutor Perini Corporation during the first quarter worth $737,000. 81.17% of the stock is owned by institutional investors and hedge funds.

About Tutor Perini Corporation

Tutor Perini Corporation is a construction company offering general contracting, construction management and design-build services to private customers and public agencies across the world. The Company operates through three segments: Civil, Building and Specialty Contractors. Its Civil segment specializes in public works construction and the repair, replacement and reconstruction of infrastructure across various geographic regions of the United States.

Analyst Recommendations for Tutor Perini Corporation (NYSE:TPC)

Receive News & Ratings for Tutor Perini Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tutor Perini Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

SCYNEXIS, Inc.  Receives Average Recommendation of “Buy” from Analysts
SCYNEXIS, Inc. Receives Average Recommendation of “Buy” from Analysts
EQT Midstream Partners, LP  Receives Average Rating of “Hold” from Analysts
EQT Midstream Partners, LP Receives Average Rating of “Hold” from Analysts
Tutor Perini Corporation  Given Consensus Rating of “Buy” by Brokerages
Tutor Perini Corporation Given Consensus Rating of “Buy” by Brokerages
Workday, Inc.  Receives Average Rating of “Hold” from Brokerages
Workday, Inc. Receives Average Rating of “Hold” from Brokerages
Alio Gold Inc  Receives Consensus Rating of “Buy” from Analysts
Alio Gold Inc Receives Consensus Rating of “Buy” from Analysts
Amaya  Receives Daily News Sentiment Score of 0.01
Amaya Receives Daily News Sentiment Score of 0.01


Leave a Reply

 
© 2006-2017 Zolmax.