Tetra Tech, Inc. (NASDAQ:TTEK)‘s stock had its “buy” rating reaffirmed by stock analysts at Boenning Scattergood in a note issued to investors on Thursday. They currently have a $54.00 target price on the industrial products company’s stock. Boenning Scattergood’s target price would indicate a potential upside of 13.80% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Roth Capital set a $52.00 price objective on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. Robert W. Baird reissued a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a report on Tuesday, September 5th. BidaskClub downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a report on Thursday, September 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tetra Tech currently has an average rating of “Hold” and a consensus price target of $49.50.

Shares of Tetra Tech (NASDAQ:TTEK) traded down $1.10 on Thursday, hitting $47.45. 245,210 shares of the stock traded hands, compared to its average volume of 251,800. The company has a market cap of $2,754.06, a PE ratio of 23.30, a P/E/G ratio of 1.54 and a beta of 1.08. Tetra Tech has a one year low of $36.96 and a one year high of $50.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.34.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. equities research analysts forecast that Tetra Tech will post 2.11 EPS for the current year.

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In other Tetra Tech news, insider Ronald J. Chu sold 14,112 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $50.00, for a total transaction of $705,600.00. Following the completion of the sale, the insider now owns 51,216 shares of the company’s stock, valued at approximately $2,560,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald J. Chu sold 696 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $50.00, for a total value of $34,800.00. Following the sale, the insider now directly owns 37,800 shares of the company’s stock, valued at approximately $1,890,000. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Tetra Tech by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock valued at $239,585,000 after purchasing an additional 23,972 shares during the last quarter. State Street Corp lifted its holdings in Tetra Tech by 5.2% during the 2nd quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock valued at $68,741,000 after purchasing an additional 74,476 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in Tetra Tech by 12.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock valued at $57,470,000 after purchasing an additional 134,770 shares during the last quarter. Northern Trust Corp lifted its holdings in Tetra Tech by 2.2% during the 2nd quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock valued at $49,203,000 after purchasing an additional 23,510 shares during the last quarter. Finally, Boston Partners lifted its holdings in Tetra Tech by 2.2% during the 3rd quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock valued at $48,109,000 after purchasing an additional 22,718 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

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)

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