Is URS Corp Undervalued?

Filed under: Stocks to Buy

The shares of professional engineering/construction services provider URS Corporation (URS), first discussed on June 5, 2009 at a price of $51.56, have cleared the danger zone I wrote about earlier this fall, so now would be a decent time to consider scooping-up some shares. URS should trade above $50 in 2011, according to my analysis



Look for URS to post a modest 2-3% revenue increase in 2010, followed by a 10-15% rise in 2011. Long-term, both federal government-related and private sector (industrial and commercial) work should gradually attract more institutional investors (IIs) back to the stock in 2011, after a portion of the less-patient IIs exited their URS position this year.



The Thomson Reuters First Call FY2010/FY2011 EPS estimates for URS are $3.69 to $3.68. That FY2011 EPS estimate looks about 5% low, according to my analysis.

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Is URS Corp Undervalued? originally appeared on BloggingStocks on Wed, 01 Dec 2010 17:30:00 EST. Please see our terms for use of feeds.

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