Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Rating of “Buy” by Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has been assigned an average rating of “Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $76.83.

A number of analysts have recently weighed in on TTEK shares. Maxim Group restated a “buy” rating and issued a $315.00 target price (up from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 24th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. ValuEngine downgraded shares of Universal Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 6th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Finally, Zacks Investment Research downgraded shares of Inflarx from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Shares of Tetra Tech stock traded up $0.97 during trading hours on Friday, reaching $83.87. The company’s stock had a trading volume of 337,000 shares, compared to its average volume of 330,151. The business’s 50 day simple moving average is $74.08. Tetra Tech has a one year low of $48.52 and a one year high of $84.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $4.56 billion, a PE ratio of 31.77, a P/E/G ratio of 1.82 and a beta of 1.14.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. Tetra Tech had a net margin of 5.44% and a return on equity of 16.71%. The firm had revenue of $585.40 million for the quarter, compared to the consensus estimate of $552.65 million. During the same period in the previous year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts anticipate that Tetra Tech will post 3.04 earnings per share for the current fiscal year.

In other Tetra Tech news, Director Albert E. Smith sold 4,200 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $64.00, for a total value of $268,800.00. Following the transaction, the director now directly owns 47,358 shares in the company, valued at approximately $3,030,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Craig L. Christensen sold 624 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $65.00, for a total transaction of $40,560.00. Following the completion of the transaction, the senior vice president now owns 34,317 shares in the company, valued at $2,230,605. The disclosure for this sale can be found here. Insiders have sold a total of 102,199 shares of company stock worth $7,363,363 over the last quarter. 3.00% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of TTEK. NN Investment Partners Holdings N.V. bought a new position in Tetra Tech in the 2nd quarter worth about $83,000. First Citizens Bank & Trust Co. bought a new position in Tetra Tech in the 2nd quarter worth about $208,000. Tocqueville Asset Management L.P. bought a new position in Tetra Tech in the 1st quarter worth about $209,000. Quantamental Technologies LLC grew its stake in Tetra Tech by 322.6% in the 1st quarter. Quantamental Technologies LLC now owns 3,584 shares of the industrial products company’s stock worth $214,000 after acquiring an additional 2,736 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new position in Tetra Tech in the 1st quarter worth about $230,000. Institutional investors and hedge funds own 85.48% of the company’s stock.

About Tetra Tech

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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