- Tutor Perini Corp (TPC, Financial) secures a significant $1.87 billion contract for a prominent NYC redevelopment project.
- Analyst price targets suggest a slight downside from the current market value.
- GuruFocus GF Value assessment points to significant overvaluation.
Tutor Perini's Major Contract Win
Tutor Perini (TPC) has recently been awarded a substantial $1.87 billion contract by the Port Authority of New York and New Jersey. This contract involves constructing key parts of the Midtown Bus Terminal Redevelopment in New York City. Slated to commence in fall 2025, the project will accommodate storage for up to 350 buses, marking a critical development in urban infrastructure.
Wall Street Analysts' Forecast
Wall Street analysts have set their sights on Tutor Perini Corp (TPC, Financial) with an average one-year price target of $46.00. This is derived from evaluations by four analysts, with projections ranging from a high of $50.00 to a low of $41.00. The average target price indicates a slight downside of 1.67% from the current trading price of $46.78. For those interested in more detailed forecasts, visit the detailed Tutor Perini Corp (TPC) Forecast page.
The consensus recommendation from four brokerage firms currently rates Tutor Perini Corp (TPC, Financial) at 1.8, categorizing it as "Outperform." The recommendation scale ranges from 1 to 5, with 1 indicating a Strong Buy and 5 suggesting a Sell.
Assessment by GuruFocus' GF Value
According to GuruFocus estimates, the anticipated GF Value for Tutor Perini Corp (TPC, Financial) in one year is $12.53. This points to a substantial downside of 73.22% from the current price of $46.78. The GF Value metric is a proprietary estimate from GuruFocus, gauging the fair value of the stock based on historical trading multiples, past business growth, and future business performance projections. For a deeper dive into the company's valuation and metrics, the Tutor Perini Corp (TPC) Summary page offers comprehensive data.
