Tutor Perini Corp (NYSE: TPC) stock suffered a major decline of -26.8% on 8/2/24. The shares closed at $17.36. Moreover, exceptionally high trading volume at 334% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -30.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TPC is expected to be a modest Value Builder.
Tutor Perini has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tutor Perini has a good Appreciation Score of 72 and a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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