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Steve Hach
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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • Tutor Perini (TPC,$TPC) Continues Slide 0 comments
    Aug 15, 2012 2:40 PM | about stocks: 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 (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 (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
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