Brokerages Set Tetra Tech, Inc. (TTEK) Price Target at $56.67
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.
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.
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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.
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