Wall Street predicts Tutor Perini Corp (TPC) stock to drop by -2.43%

Tutor Perini Corp [TPC] stock is trading at $27.16, up 5.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The TPC shares have gain 4.70% over the last week, with a monthly amount glided 17.17%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Tutor Perini Corp [NYSE: TPC] stock has seen the most recent analyst activity on June 14, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $27 from $14. Previously, B. Riley Securities reaffirmed its Buy rating on February 28, 2022, and dropped its price target to $17. On November 05, 2020, B. Riley Securities reiterated its Buy rating and revised its price target to $19 on the stock. DA Davidson upgraded its rating to a Buy but stick to its price target of $22 on July 01, 2019. KeyBanc Capital Markets downgraded its rating to a Sector Weight. UBS downgraded its rating to Neutral for this stock on February 01, 2019. In a note dated January 22, 2019, DA Davidson downgraded an Neutral rating on this stock.

Tutor Perini Corp [TPC] stock has fluctuated between $6.85 and $27.05 over the past year. Currently, Wall Street analysts expect the stock to reach $26.5 within the next 12 months. Tutor Perini Corp [NYSE: TPC] shares were valued at $27.16 at the most recent close of the market. An investor can expect a potential drop of -2.43% based on the average TPC price forecast.

Analyzing the TPC fundamentals

Tutor Perini Corp [NYSE:TPC] reported sales of 4.26B for the trailing twelve months, which represents a growth of 10.35%. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.09 points at the first support level, and at 25.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.72, and for the 2nd resistance point, it is at 28.28.

Ratios To Look Out For

For context, Tutor Perini Corp’s Current Ratio is 1.65. On the other hand, the Quick Ratio is 1.65, and the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 1.09.

Transactions by insiders

Recent insider trading involved Michael Klein, Director, that happened on Aug 05 ’24 when 25220.0 shares were purchased. Chairman & CEO, TUTOR RONALD N completed a deal on Jun 13 ’24 to sell 25000.0 shares. Meanwhile, Executive Vice President Ariqat Ghassan sold 11855.0 shares on Jun 10 ’24.

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