Zacks.com featured highlights Tutor Perini and Radius Recycling

For Immediate ReleaseChicago, IL – December 19, 2024 – Stocks in this week’s article are Tutor Perini Corp. TPC and Radius Recycling, Inc. RDUS.New Analyst Coverage Sparks Interest in These 2 StocksWhen a stock garners new analyst coverage, it signifies a critical juncture for the company and offers valuable insights for investors. This coverage, typically initiated by financial professionals working for investment banks or research firms, provides in-depth evaluations of a company’s performance, market potential and strategic direction. Analysts also issue recommendations—such as buy, hold, or sell—alongside price targets that help shape market perceptions.Two stocks recently receiving fresh analyst coverage are Tutor Perini Corp. and Radius Recycling, Inc. Such developments often draw heightened investor attention and carry implications for future performance.Why New Analyst Coverage Holds WeightAnalysts typically possess specialized knowledge and expertise in particular industries or sectors. Through thorough research and analysis, they offer investors critical insights into a company's financial health, growth potential, competitive standing, and industry trends — insights that are often difficult for individual investors to acquire independently.Coverage initiation on a stock by analyst(s) usually portrays higher investor inclination. Investors, on their part, often assume that there is something special in a stock to attract analysts to cover it. In other words, they believe that the company coming under the microscope definitely holds some value.Do analysts create value for companies by initiating coverage? Of course, they do because they play an important intermediary role with their extensive access to relevant data. Many investors have immense faith in analysts’ research as they fear that a lack of information might trigger inefficiencies.Obviously, stocks are not randomly chosen to cover. A new coverage on a stock usually reflects a reassuring future envisioned by the analyst(s). At times, increased investor focus on a stock motivates analysts to take a closer look at it. After all, who doesn’t like to produce something that is already in demand? Hence, we often find that analysts’ ratings on newly added stocks are more favorable than their ratings on continuously covered stocks.Needless to say, the average change in broker recommendation is preferable to a single recommendation change. Again, if an analyst issues a new recommendation on a company that has very little or no existing coverage, investors start paying more attention to it. Also, any further information attracts portfolio managers to build a position in the stock.Stock Price Movements and Market ImpactNew analyst coverage often leads to immediate stock price volatility. A positive rating can attract bullish sentiment and drive share prices higher, while neutral or negative ratings may trigger sell-offs. When multiple analysts initiate favorable coverage, the resulting investor confidence can lead to sustained upward momentum in valuation. Conversely, if coverage highlights overlook risks, investor enthusiasm may be dampened and long-term performance can be hindered.Here are two out of the four stocks that passed the screen:Tutor Perini: Headquartered in Sylmar, CA, this construction company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.TPC shares have gained 21.5% over the past six months compared with the industry’s 24.9% rise. Earnings per share (EPS) estimates for TPC have moved north to $2.00 (from $1.65) for 2025 in the past 60 days, depicting analysts’ optimism over the company’s prospects. Estimated figures indicate 253.9% growth for 2025 from a year ago.Radius Recycling: This Portland, OR-based company specializes in recycling ferrous and nonferrous metals and producing finished steel products for a global market. The company currently carries a Zacks Rank #3.RDUS shares have gained 16.4% over the past six months, outperforming the industry’s 2.4% rise. The bottom-line estimated figure for RDUS indicates an improvement of 61.9% for 2025 from a year ago. It has a VGM Score of A.You can get the remaining stock on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your trading. Further, you can also create your strategies and test them first before taking the investment plunge.The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.Click here to sign up for a free trial of the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2385074/new-analyst-coverage-sparks-interest-in-these-2-stocksZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. 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Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tutor Perini Corporation (TPC): Free Stock Analysis Report Radius Recycling, Inc. (RDUS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks