Tetra Tech, Inc. (TTEK) Given Average Recommendation of “Buy” by Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has been assigned an average rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $72.83.

TTEK has been the subject of several research reports. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Saturday, January 5th. Maxim Group reaffirmed a “buy” rating and set a $87.00 price target on shares of Tetra Tech in a research report on Friday, January 11th. BidaskClub lowered shares of Tetra Tech from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 19th. ValuEngine lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Roth Capital reduced their price target on shares of Tetra Tech from $73.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, January 29th.

In related news, SVP William R. Brownlie sold 16,750 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.00, for a total value of $1,005,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Craig L. Christensen sold 3,925 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $55.00, for a total transaction of $215,875.00. Following the completion of the sale, the senior vice president now directly owns 40,116 shares of the company’s stock, valued at $2,206,380. The disclosure for this sale can be found here. Insiders have sold a total of 77,684 shares of company stock valued at $4,585,847 in the last ninety days. Insiders own 3.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TTEK. Enlightenment Research LLC purchased a new stake in Tetra Tech in the 4th quarter worth approximately $31,000. Resources Investment Advisors Inc. purchased a new stake in Tetra Tech in the 4th quarter worth approximately $31,000. Quantamental Technologies LLC purchased a new stake in Tetra Tech in the 4th quarter worth approximately $44,000. Meeder Asset Management Inc. purchased a new stake in Tetra Tech in the 4th quarter worth approximately $66,000. Finally, Private Capital Group LLC increased its holdings in Tetra Tech by 39.3% in the 4th quarter. Private Capital Group LLC now owns 2,792 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 787 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

TTEK traded up $0.41 during midday trading on Friday, hitting $64.19. 254,898 shares of the company traded hands, compared to its average volume of 262,290. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $3.54 billion, a P/E ratio of 24.31, a P/E/G ratio of 1.44 and a beta of 1.16. Tetra Tech has a 52 week low of $46.30 and a 52 week high of $72.56.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 30th. The industrial products company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.08. Tetra Tech had a net margin of 4.55% and a return on equity of 16.02%. The firm had revenue of $553.36 million during the quarter, compared to analyst estimates of $558.46 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts forecast that Tetra Tech will post 2.96 EPS for the current fiscal year.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

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Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

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