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Lowest Forward P/E Ratio in the Construction & Engineering Industry Detected in Shares of Tutor Perini (TPC, INSU, URS, KBR, ACM)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Construction & Engineering industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Tutor Perini ranks lowest with a a forward P/E ratio of 6.59. Following is Insituform Technologies with a a forward P/E ratio of 8.13. URS ranks third lowest with a a forward P/E ratio of 8.96.
KBR follows with a a forward P/E ratio of 9.48, and Aecom Technology rounds out the bottom five with a a forward P/E ratio of 10.27.
SmarTrend recommended that subscribers consider buying shares of Tutor Perini on November 5th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $12.41. Since that recommendation, shares of Tutor Perini have risen 35.4%. We continue to monitor Tutor Perini for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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