Tutor Perini (NYSE:TPC) had its target price lifted by investment analysts at B. Riley from $18.00 to $23.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the construction company’s stock. B. Riley’s price objective would indicate a potential upside of 24.53% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TPC. DA Davidson reissued a “buy” rating and set a $18.00 target price on shares of Tutor Perini in a report on Monday, August 12th. TheStreet cut shares of Tutor Perini from a “c” rating to a “d” rating in a report on Thursday, August 29th. Zacks Investment Research cut shares of Tutor Perini from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th. Finally, ValuEngine raised shares of Tutor Perini from a “strong sell” rating to a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Tutor Perini presently has a consensus rating of “Hold” and an average target price of $21.67.

TPC stock remained flat at $$18.47 during midday trading on Thursday. 635,241 shares of the company’s stock were exchanged, compared to its average volume of 463,624. The firm has a 50 day moving average price of $15.28 and a 200-day moving average price of $14.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.03 and a quick ratio of 2.03. Tutor Perini has a 1-year low of $9.24 and a 1-year high of $20.52. The stock has a market capitalization of $928.67 million, a price-to-earnings ratio of 9.67 and a beta of 1.96.

Tutor Perini (NYSE:TPC) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.25). Tutor Perini had a negative net margin of 5.70% and a positive return on equity of 4.66%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.42 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Tutor Perini will post 1.61 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in Tutor Perini in the second quarter worth $25,000. Tower Research Capital LLC TRC purchased a new position in Tutor Perini in the third quarter worth $57,000. Kempen Capital Management N.V. grew its position in Tutor Perini by 39.8% in the second quarter. Kempen Capital Management N.V. now owns 4,640 shares of the construction company’s stock worth $64,000 after acquiring an additional 1,320 shares in the last quarter. Bank of Montreal Can grew its position in Tutor Perini by 190.5% in the second quarter. Bank of Montreal Can now owns 5,118 shares of the construction company’s stock worth $71,000 after acquiring an additional 3,356 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its position in Tutor Perini by 133.3% in the second quarter. NumerixS Investment Technologies Inc now owns 8,400 shares of the construction company’s stock worth $117,000 after acquiring an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 92.36% of the company’s stock.

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 worldwide. The company operates through three segments: Civil, Building, and Specialty Contractors. The Civil segment engages in the public works construction, replacement, and reconstruction of infrastructure, including highways, bridges, tunnels, mass-transit systems, and water management and wastewater treatment facilities.

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Analyst Recommendations for Tutor Perini (NYSE:TPC)

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