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D.A. Davidson & Co. Believes Earnings Growth Reflects Underlying Market Momentum For Tutor Perini

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In a report published Wednesday, D.A. Davidson & Co. analyst John B. Rogers reiterated a Buy rating and $40.00 price target on Tutor Perini (NYSE: TPC).

In the report, D.A. Davidson & Co. noted, “Second quarter EPS of $0.58 per share improved substantially from $0.32 last year and exceeded our estimate of $0.53 (consensus was $0.48). Operating results benefitted from improved contributions from both the Civil and Building segments partially offset by lower Specialty Contracting contributions and a non-operating loss on the sale of securities.”

Tutor Perini closed on Tuesday at $27.24.

Latest Ratings for TPC

DateFirmActionFromTo
Jul 2019UpgradesNeutralBuy
May 2019DowngradesOverweightSector Weight
Feb 2019DowngradesBuyNeutral

View More Analyst Ratings for TPC
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Posted-In: D.A. Davidson & Co. John B. RogersAnalyst Color Reiteration Analyst Ratings

 

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