Tetra Tech, Inc. (NASDAQ:TTEK) Stock Has Average Target Price of $39.00

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.00.

A number of research analysts have commented on the company. National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada dropped their price objective on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. Finally, KeyCorp reissued an “overweight” rating and issued a $41.00 target price (down from $43.00) on shares of Tetra Tech in a research report on Thursday, October 15th.

Tetra Tech Trading Up 3.9%

NASDAQ TTEK opened at $40.94 on Thursday. Tetra Tech has a 1-year low of $25.81 and a 1-year high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.48 billion, a PE ratio of 24.66 and a beta of 0.86. The firm’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $33.17.

Hedge Funds Weigh In On Tetra Tech

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Tetra Tech by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after buying an additional 285 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Tetra Tech by 16.5% in the third quarter. Parallel Advisors LLC now owns 2,285 shares of the industrial products company’s stock worth $75,000 after buying an additional 323 shares during the last quarter. Abacus Wealth Partners LLC boosted its stake in shares of Tetra Tech by 6.2% during the 3rd quarter. Abacus Wealth Partners LLC now owns 9,987 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 582 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in shares of Tetra Tech by 1.0% during the 3rd quarter. D Orazio & Associates Inc. now owns 62,089 shares of the industrial products company’s stock worth $2,046,000 after acquiring an additional 617 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Tetra Tech by 18.5% during the 1st quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 733 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

About Tetra Tech

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.