Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $56.67.

TTEK has been the topic of several research analyst reports. BidaskClub upgraded Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Boenning Scattergood restated a “buy” rating and issued a $65.00 price objective on shares of Tetra Tech in a research report on Thursday, March 15th. ValuEngine upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Stifel Nicolaus boosted their price objective on Tetra Tech from $52.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research downgraded Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd.

In other news, Director J Christopher Lewis sold 8,000 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $49.91, for a total value of $399,280.00. Following the sale, the director now directly owns 56,389 shares of the company’s stock, valued at $2,814,374.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Dan L. Batrack sold 68,270 shares of Tetra Tech stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $51.62, for a total value of $3,524,097.40. The disclosure for this sale can be found here. Insiders sold 164,331 shares of company stock worth $8,343,340 over the last ninety days. Insiders own 3.40% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Prime Capital Investment Advisors LLC bought a new stake in shares of Tetra Tech in the fourth quarter worth about $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tetra Tech by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 1,019 shares during the last quarter. We Are One Seven LLC bought a new stake in Tetra Tech during the fourth quarter worth approximately $184,000. Global X Management Co. LLC increased its stake in Tetra Tech by 75.2% during the fourth quarter. Global X Management Co. LLC now owns 3,985 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 1,710 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Tetra Tech during the fourth quarter worth approximately $200,000. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tetra Tech stock opened at $51.40 on Wednesday. Tetra Tech has a 52 week low of $39.95 and a 52 week high of $53.40. The stock has a market capitalization of $2,926.58, a PE ratio of 24.13, a price-to-earnings-growth ratio of 1.56 and a beta of 0.97. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.46.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.12. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The business had revenue of $544.85 million for the quarter, compared to the consensus estimate of $510.22 million. During the same period in the previous year, the business earned $0.49 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. equities research analysts anticipate that Tetra Tech will post 2.49 EPS for the current fiscal year.

WARNING: “Brokerages Set Tetra Tech, Inc. (TTEK) Price Target at $56.67” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2018/04/21/brokerages-set-tetra-tech-inc-ttek-price-target-at-56-67.html.

Tetra Tech Company Profile

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.