In the closing of the recent trading day, Tutor Perini (TPC) stood at $68.84, denoting a +1.73% move from the preceding trading day.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Tutor Perini Corporation TPC is currently trading at a discount compared with the Building Products - Heavy Construction industry peers and the broader Construction sector. The company's forward 12-month price-to-earnings (P/E) ratio is 14, which is below the industry average of 22.95 and the sector's valuation of 19.71.
Tutor Perini (TPC) closed the most recent trading day at $62.26, moving +2.72% from the previous trading session.
TPC's surging Civil segment, backed by a record backlog and higher margins, is fueling optimism for its next growth phase.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Tutor Perini (TPC) concluded the recent trading session at $61.61, signifying a -1.96% move from its prior day's close.
Tutor Perini Corporation TPC has boosted its backlog growth with a new contract win worth about $41.9 million. The company's subsidiary, Perini Management Services, Inc., was selected by the National Park Service to provide comprehensive design and construction services for the repair of critical utility systems at the Glen Canyon National Recreation Area in Arizona.
TPC's Civil segment's backlog surges 156% in Q2, driving higher guidance and fueling optimism for sustained EPS growth.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Recently, Zacks.com users have been paying close attention to Tutor Perini (TPC). This makes it worthwhile to examine what the stock has in store.
There are few competitors in the market; however, these competitors lack experience in mega projects. Recent company presentations highlight a strong project backlog and a robust pipeline, supporting future revenue visibility. Tutor Perini's valuation appears attractive based on my DCF model, suggesting the stock is undervalued at current prices.