Tutor Perini (NYSE:TPC – Free Report) had its price objective increased by UBS Group from $27.00 to $39.00 in a research report sent to investors on Wednesday morning, Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.
Tutor Perini Stock Performance
Tutor Perini stock opened at $28.25 on Wednesday. The stock’s 50 day moving average is $24.64 and its 200 day moving average is $21.63. Tutor Perini has a twelve month low of $6.86 and a twelve month high of $30.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.65 and a current ratio of 1.65.
Tutor Perini (NYSE:TPC – Get Free Report) last released its earnings results on Thursday, August 1st. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.15). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Tutor Perini had a negative return on equity of 4.49% and a negative net margin of 1.59%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.72) earnings per share. As a group, sell-side analysts predict that Tutor Perini will post 1.12 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Tutor Perini
Tutor Perini Company Profile
Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.
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