Analysts Offer Insights on Conglomerates Companies: Tutor Perini Corp. (NYSE: TPC) and Rayonier (NYSE: RYN)

By Ryan Adsit

There’s a lot to be optimistic about in the Conglomerates sector as 2 analysts just weighed in on Tutor Perini Corp. (NYSE: TPC) and Rayonier (NYSE: RYN) with bullish sentiments.

Tutor Perini Corp. (NYSE: TPC)

In a report released yesterday, Daniel Scott from MKM Partners reiterated a Buy rating on Tutor Perini Corp. (NYSE: TPC), with a price target of $28. The company’s shares opened today at $19.

Scott observed:

“We continue to view the company as one of the long-term beneficiaries of the FAST Act and potential state and local initiative on the California ballot and elsewhere.”

According to TipRanks.com, Scott is ranked 0 out of 5 stars with an average return of -17.8% and a 27.9% success rate. Scott covers the Basic Materials sector, focusing on stocks such as Hallador Energy Company, Cloud Peak Energy Inc, and Natural Resource PRN.

Currently, the analyst consensus on Tutor Perini Corp. is Strong Buy and the average price target is $26, representing a 36.8% upside.

In a report issued on October 19, Canaccord Genuity also reiterated a Buy rating on the stock with a $30 price target.
Rayonier (NYSE: RYN)

BMO Capital analyst Mark Wilde reiterated a Buy rating on Rayonier (NYSE: RYN) yesterday and set a price target of $29. The company’s shares opened today at $26.56, close to its 52-week high of $28.16.

According to TipRanks.com, Wilde is a 5-star analyst with an average return of 9.0% and a 64.4% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Meadwestvaco Corp., and Graphic Packaging.

Rayonier has an analyst consensus of Moderate Buy, with a price target consensus of $29.50.