Tetra Tech, Inc. (NASDAQ:TTEK) Receives $41.00 Consensus PT from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $41.00.

Several equities analysts have commented on the stock. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. National Bank Financial assumed coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. KeyCorp lifted their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the sale, the director owned 37,725 shares in the company, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tetra Tech

Several large investors have recently modified their holdings of TTEK. Financial Consulate Inc. purchased a new position in Tetra Tech in the 3rd quarter valued at approximately $26,000. MAI Capital Management grew its stake in Tetra Tech by 68.1% in the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after buying an additional 344 shares in the last quarter. Chilton Capital Management LLC purchased a new position in Tetra Tech in the 1st quarter valued at approximately $25,000. Central Pacific Bank Trust Division purchased a new position in Tetra Tech in the 2nd quarter valued at approximately $32,000. Finally, Baillie Gifford & Co. purchased a new position in Tetra Tech in the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Tetra Tech stock opened at $32.58 on Friday. Tetra Tech has a 52 week low of $27.27 and a 52 week high of $51.20. The company’s 50 day moving average price is $34.82 and its two-hundred day moving average price is $34.96. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The stock has a market cap of $8.56 billion, a P/E ratio of 40.73 and a beta of 0.94.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm earned $1.59 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Tetra Tech will post 1.37 earnings per share for the current year.

About Tetra Tech

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.