Tetra Tech, Inc. (NASDAQ:TTEK) Receives $76.83 Average PT from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $76.83.

Several equities research analysts have recently weighed in on the company. Sidoti assumed coverage on Tetra Tech in a research note on Tuesday, April 9th. They set a “buy” rating for the company. ValuEngine lowered Universal Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 6th. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Thursday, May 2nd. Maxim Group reissued a “buy” rating and set a $315.00 price objective (up from $305.00) on shares of Domino’s Pizza in a research note on Wednesday, April 24th. Finally, Roth Capital raised their price objective on Tetra Tech from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 6th.

NASDAQ TTEK traded down $0.38 on Friday, reaching $84.99. 374,200 shares of the stock traded hands, compared to its average volume of 328,366. The stock’s fifty day moving average price is $76.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $4.68 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14. Tetra Tech has a 12 month low of $48.52 and a 12 month high of $86.48.



Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $585.40 million during the quarter, compared to analyst estimates of $552.65 million. Tetra Tech had a return on equity of 16.71% and a net margin of 5.44%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Research analysts predict that Tetra Tech will post 3.02 earnings per share for the current fiscal year.

In other news, CEO Dan L. Batrack sold 95,109 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $72.49, for a total value of $6,894,451.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Craig L. Christensen sold 624 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $65.00, for a total value of $40,560.00. Following the completion of the sale, the senior vice president now owns 34,317 shares of the company’s stock, valued at approximately $2,230,605. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,199 shares of company stock valued at $7,363,363. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. NN Investment Partners Holdings N.V. purchased a new stake in shares of Tetra Tech in the second quarter valued at $83,000. CWM Advisors LLC purchased a new stake in shares of Tetra Tech in the second quarter valued at $200,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Tetra Tech in the second quarter valued at $208,000. Tocqueville Asset Management L.P. purchased a new stake in shares of Tetra Tech in the first quarter valued at $209,000. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in shares of Tetra Tech in the second quarter valued at $212,000. Institutional investors own 87.49% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

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