Tetra Tech (TTEK) Stock Rating Upgraded by BidaskClub

Tetra Tech (NASDAQ:TTEK) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

Other equities research analysts have also issued reports about the stock. Boenning Scattergood reiterated a “buy” rating and set a $65.00 price target on shares of Tetra Tech in a report on Thursday, March 15th. ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, February 2nd. Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective on shares of Tetra Tech in a report on Thursday, February 1st. Finally, Stifel Nicolaus upped their price objective on shares of Tetra Tech from $52.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Tetra Tech currently has an average rating of “Buy” and an average target price of $57.00.

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NASDAQ:TTEK opened at $52.40 on Tuesday. Tetra Tech has a 52 week low of $39.95 and a 52 week high of $53.40. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $2,887.49, a P/E ratio of 24.60, a PEG ratio of 1.54 and a beta of 0.97.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.12. Tetra Tech had a net margin of 4.83% and a return on equity of 14.26%. The company had revenue of $544.85 million during the quarter, compared to analyst estimates of $510.22 million. During the same period in the prior year, the business posted $0.49 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. equities research analysts expect that Tetra Tech will post 2.49 EPS for the current fiscal year.

In other Tetra Tech news, SVP William R. Brownlie sold 4,037 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $46.16, for a total value of $186,347.92. Following the completion of the transaction, the senior vice president now directly owns 82,226 shares in the company, valued at approximately $3,795,552.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dan L. Batrack sold 68,270 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $51.62, for a total transaction of $3,524,097.40. The disclosure for this sale can be found here. Insiders sold a total of 164,331 shares of company stock valued at $8,343,340 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tetra Tech by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock worth $147,000 after acquiring an additional 1,019 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Tetra Tech by 4.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 24,000 shares of the industrial products company’s stock worth $1,156,000 after acquiring an additional 1,100 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Tetra Tech by 18.8% in the 4th quarter. Flinton Capital Management LLC now owns 7,514 shares of the industrial products company’s stock worth $362,000 after acquiring an additional 1,190 shares in the last quarter. Advisor Group Inc. increased its stake in shares of Tetra Tech by 27.6% in the 4th quarter. Advisor Group Inc. now owns 5,952 shares of the industrial products company’s stock worth $286,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Tetra Tech by 18.7% in the 4th quarter. Profund Advisors LLC now owns 9,488 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 1,492 shares in the last quarter. Institutional investors own 87.35% of the company’s stock.

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Tetra Tech Company Profile

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

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