Tetra Tech, Inc. (NASDAQ:TTEK) Receives $49.32 Consensus Price Target from Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have earned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $49.32.

A number of equities analysts recently weighed in on TTEK shares. KeyCorp decreased their price objective on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird upped their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th.

Tetra Tech Stock Down 1.7 %

NASDAQ:TTEK opened at $39.54 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $10.59 billion, a P/E ratio of 32.09 and a beta of 0.90. Tetra Tech has a fifty-two week low of $31.61 and a fifty-two week high of $51.20. The firm has a 50-day simple moving average of $42.85 and a two-hundred day simple moving average of $44.34.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.59%. Tetra Tech’s dividend payout ratio (DPR) is currently 18.70%.

Institutional Trading of Tetra Tech

A number of hedge funds have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Tetra Tech by 4.0% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,021 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 77 shares during the last quarter. Signaturefd LLC increased its holdings in Tetra Tech by 156.0% during the second quarter. Signaturefd LLC now owns 320 shares of the industrial products company’s stock valued at $65,000 after buying an additional 195 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Tetra Tech in the second quarter worth approximately $28,000. Equitable Trust Co. boosted its stake in shares of Tetra Tech by 69.4% during the 2nd quarter. Equitable Trust Co. now owns 2,896 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 1,186 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Tetra Tech by 17.1% during the 2nd quarter. Natixis Advisors LLC now owns 16,601 shares of the industrial products company’s stock valued at $3,395,000 after acquiring an additional 2,419 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

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.