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Zacks.com featured highlights Tutor Perini and Radius Recycling
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For Immediate Release
Chicago, IL – December 19, 2024 – Stocks in this week’s article are Tutor Perini Corp. (TPC - Free Report) and Radius Recycling, Inc. (RDUS - Free Report) .
New Analyst Coverage Sparks Interest in These 2 Stocks
When 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 Weight
Analysts 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 Impact
New 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:
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.
Zacks 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.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. 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.
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Zacks.com featured highlights Tutor Perini and Radius Recycling
For Immediate Release
Chicago, IL – December 19, 2024 – Stocks in this week’s article are Tutor Perini Corp. (TPC - Free Report) and Radius Recycling, Inc. (RDUS - Free Report) .
New Analyst Coverage Sparks Interest in These 2 Stocks
When 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 Weight
Analysts 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 Impact
New 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-stocks
Zacks 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 Giaquinto
Company: Zacks.com
Phone: 312-265-9268
Email: pr@zacks.com
Visit: 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. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. 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.