Tutor Perini Corp (TPC) is Reiterated by FBR Capital to Outperform, Raises Price Target to $ 22

Tutor Perini Corp (TPC) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $18 . FBR Capital advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Tutor Perini Corp. Canaccord Genuity Initiated Tutor Perini Corp on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $18.Standpoint Research Initiated Tutor Perini Corp on Apr 11, 2016 to “Buy”, Price Target of the shares are set at $22.Company shares were Reiterated by FBR Capital on Mar 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 18 from a previous price target of $17 .

On the company’s financial health, Tutor Perini Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.18. The company had revenue of $1085.36 million for the quarter, compared to analysts expectations of $1141.22 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Tutor Perini Corp closed down -0.54 points or -3.48% at $14.99 with 3,29,996 shares getting traded on Wednesday. Post opening the session at $15.47, the shares hit an intraday low of $14.95 and an intraday high of $15.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Dec 18, 2015, James A Frost (President & COO) sold 10,000 shares at $16.68 per share price. According to the SEC, on Jun 17, 2015, Ronald N Tutor (CEO) purchased 10,080 shares at $23.66 per share price.

Tutor Perini Corporation is a construction company engaged in providing general contracting construction management and design-build services to private customers and public agencies. The Company operates through three segments: Civil Building and Specialty Contractors. The Civil segment focuses on public works construction and the repair replacement and reconstruction of infrastructure including highways bridges mass transit systems and water management and wastewater treatment facilities. Its Building segment provides services to various specialized building markets including the hospitality and gaming transportation healthcare municipal offices sports and entertainment educational and correctional facilities among others. Its Specialty Contractors segment provides electrical mechanical plumbing HVAC fire protection systems and pneumatically placed concrete for a range of civil and building construction projects.

Tutor Perini Corp

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