Analysts Set Tetra Tech, Inc. (NASDAQ:TTEK) PT at $236.00

Tetra Tech, Inc. (NASDAQ:TTEK) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $236.00.

A number of research analysts have weighed in on the company. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a report on Thursday, May 2nd. Maxim Group boosted their price objective on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. KeyCorp boosted their price objective on Tetra Tech from $219.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Robert W. Baird boosted their target price on Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Finally, StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TTEK. Contravisory Investment Management Inc. acquired a new stake in Tetra Tech in the 4th quarter worth $26,000. Rise Advisors LLC bought a new position in shares of Tetra Tech in the first quarter valued at about $27,000. Jones Financial Companies Lllp acquired a new stake in Tetra Tech in the 4th quarter worth about $33,000. Principal Securities Inc. bought a new stake in shares of Tetra Tech during the 4th quarter valued at approximately $36,000. Finally, GAMMA Investing LLC bought a new stake in Tetra Tech during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.8 %

TTEK stock opened at $220.40 on Monday. The stock has a market capitalization of $11.79 billion, a P/E ratio of 44.62 and a beta of 0.93. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60. Tetra Tech has a 12 month low of $132.29 and a 12 month high of $221.40. The firm has a 50-day moving average price of $195.53 and a 200-day moving average price of $177.44.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Tetra Tech will post 6.2 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a $0.29 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.16 dividend on an annualized basis and a yield of 0.53%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.26. Tetra Tech’s dividend payout ratio is presently 23.48%.

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.