Tetra Tech, Inc. (NASDAQ:TTEK) Receives $197.25 Consensus Price Target from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average rating of “Moderate Buy” from the four brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $197.25.

A number of brokerages have recently commented on TTEK. Royal Bank of Canada lifted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. KeyCorp began coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price objective for the company.

Insider Buying and Selling

In other news, CFO Steven M. Burdick sold 7,128 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at $6,172,199.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the sale, the chief financial officer now directly owns 37,405 shares in the company, valued at $6,172,199.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares in the company, valued at approximately $5,250,776.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,123 shares of company stock valued at $5,487,673. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TTEK. Renaissance Investment Group LLC lifted its holdings in shares of Tetra Tech by 1.3% during the 1st quarter. Renaissance Investment Group LLC now owns 66,786 shares of the industrial products company’s stock worth $12,336,000 after acquiring an additional 848 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Tetra Tech by 9.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,836 shares of the industrial products company’s stock worth $1,078,000 after acquiring an additional 522 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Tetra Tech by 2.9% during the 1st quarter. Principal Financial Group Inc. now owns 201,538 shares of the industrial products company’s stock worth $37,226,000 after acquiring an additional 5,681 shares during the period. Sumitomo Life Insurance Co. lifted its holdings in shares of Tetra Tech by 40.0% during the 1st quarter. Sumitomo Life Insurance Co. now owns 21,444 shares of the industrial products company’s stock worth $3,692,000 after acquiring an additional 6,131 shares during the period. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Tetra Tech during the 1st quarter worth approximately $242,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.4 %

Tetra Tech stock opened at $193.20 on Thursday. The company has a market cap of $10.34 billion, a P/E ratio of 44.72 and a beta of 0.96. Tetra Tech has a 1-year low of $132.29 and a 1-year high of $194.99. The company has a fifty day simple moving average of $184.83 and a 200 day simple moving average of $170.68. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $974.00 million. During the same quarter last year, the firm posted $1.34 EPS. Research analysts anticipate that Tetra Tech will post 6.07 earnings per share for the current fiscal year.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.