Tutor Perini Corp (NYSE:TPC) price on Friday, June 13, fall -1.50% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $42.08.
A look at the stock’s price movement, the close in the last trading session was $42.72. Turning to its 52-week performance, $42.78 and $14.50 were the 52-week high and 52-week low respectively. Overall, TPC moved 16.73% over the past month.
Tutor Perini Corp’s market cap currently stands at around $2.22 billion, with investors looking forward to this quarter’s earnings report slated for in July.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend TPC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TPC’s current price about 9.84% and 41.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 79.73, while 7-day volatility ratio is 2.25% and 1.80% in the 30-day chart. Further, Tutor Perini Corp (TPC) has a beta value of 1.75, and an average true range (ATR) of 1.51. Analysts have given the company’s stock an average 52-week price target of $26.5, forecast between a low of $26 and high of $27. Looking at the price targets, the low is 38.21% off current price level while to achieve the yearly target high, price needs to move 35.84%. Nonetheless, investors will most likely welcome a 37.02% jump to $26.5 which is the analysts’ median price.
If we refocus on Tutor Perini Corp (NYSE:TPC), historical trading data shows that trading volumes averaged 660.64K over the past 3 months. The company’s latest data on shares outstanding shows there are 52.70 million shares.
The 16.59% of Tutor Perini Corp’s shares are in the hands of company insiders while institutional holders own 79.50% of the company’s shares. Current price change has pushed the stock 73.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TPC stock continues to rise going into the next quarter.
