Analyst Price Target Update on Tutor Perini Corporation (NYSE:TPC)

Tutor Perini Corporation (NYSE:TPC) should head towards $20.5 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $18 per share. The higher price estimate target is at $24 according to the Analysts.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Standpoint Research downgrades the rating on Tutor Perini Corporation (NYSE:TPC). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 24, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Frost James A, officer (President & COO) of Tutor Perini Corp, had unloaded 10,000 shares at an average price of $16.68 in a transaction dated on December 16, 2015. The total value of the transaction was worth $166,800.

Tutor Perini Corporation (NYSE:TPC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.46 points or 1.99% at $22.66 with 815,283 shares getting traded. Post opening the session at $23, the shares hit an intraday low of $22.25 and an intraday high of $23.21 and the price was in this range throughout the day. The company has a market cap of $1,112 million and the number of outstanding shares have been calculated to be 49,072,710 shares. The 52-week high of Tutor Perini Corporation (NYSE:TPC) is $24.309 and the 52-week low is $10.16.

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.

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