Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Tutor Perini (TPC,$TPC) Continues Slide

|Includes:Tutor Perini Corporation (TPC)

Tutor Perini Corporation, formerly Perini Corporation, is a leading construction services company offering diversified general contracting, construction management and design/build services to private clients and public agencies throughout the world. The Company offers general contracting, pre construction planning and project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. It offers general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. It also offers self performed construction services including excavation,concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. Tutor Perini Corporation is headquartered in Framingham, Massachusetts.

Tutor Perini (NYSE:TPC) was the primary short pick for the Construction Sector for this month's ValuEngine Forecast 16 Market Neutral Strategy Newsletter. SInce selection on July 18th, the stock has declined @ $2.50/share for a gain of more than 19%. The company was recently downgraded by some analysts following an earnings and revenue miss earlier this month. That was the quarterly miss in a row for the firm. We rate the firm quite poorly on valuation, forecast, and momentum.

ValuEngine has issued a STRONG SELL recommendation for TUTOR PERINI CP on Aug. 15, 2012. Based on the information we have gathered and our resulting research, we feel that TUTOR PERINI CP has the probability to UNDERPERFORM average market performance for the next year. The company exhibits UNATTRACTIVE market valuation, risk and 5-year annualized return.

Based on available data as of Aug. 15, 2012, we believe that TPC should be trading at $2.57. This makes TPC 300.00% overvalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For TPC, we base this on actual earnings per share (NYSEARCA:EPS) for the previous four quarters of $1.63, forecasted EPS for the next four quarters of $2.39, and correlations to the 30-year Treasury bond yield of 2.82%.

 

 

ValuEngine Forecast

   
 

Target Price

Expected Return

1-Month

35.6

2.03%

3-Month

36.57

4.83%

6-Month

37.55

7.62%

1-Year

39.2

12.36%

2-Year

40.71

16.69%

3-Year

43.07

23.46%

 

Valuation & Rankings

     

Valuation

0.45% overvalued

Valuation Rank

35

1-M Forecast Return

2.03%

1-M Forecast Return Rank

98

12-M Return

89.72%

Momentum Rank

97

Sharpe Ratio

-0.12

Sharpe Ratio Rank

54

5-Y Avg Annual Return

-6.93%

5-Y Avg Annual Rtn Rank

50

Volatility

56.40%

Volatility Rank

41

Expected EPS Growth

14.03%

EPS Growth Rank

44

Market Cap (billions)

4.9

Size Rank

88

Trailing P/E Ratio

8.96

Trailing P/E Rank

88

Forward P/E Ratio

7.85

Forward P/E Ratio Rank

86

PEG Ratio

0.64

PEG Ratio Rank

64

Price/Sales

0.15

Price/Sales Rank

90

Market/Book

1.28

Market/Book Rank

59

Beta

1.47

Beta Rank

32

Alpha

0.52

Alpha Rank

95

Free Weekly Newsletter Subscribers can download a FREE Detailed Valuation Report on
TPC
HERE.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: TPC