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Tutor Perini Corporation
Tutor Perini Corporation (NYSE: TPC) is a global construction company that provides a wide range of general contracting, construction, management, and design-build services to private and public sector clients. In 2021, it had worked on over 1,600 construction projects.
Why should Investors make an Exit?
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
TPC's share price has been on a decreasing trend throughout the year, fallen 48.51% in the past twelve months and is currently trading close to the lower band of the 52-week range of USD 9.19 to USD 19.82. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 9.00.
Considering the fall in topline and bottom-line metrics, leveraged balance sheet, long cash conversion cycle, associated risks, and current valuation, we recommend a "Sell" rating on the stock at the closing price of USD 10.00, down 4.94% as of April 05, 2022.
Three-Year Technical Price Chart (as of April 05, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.