The Tetra Tech, Inc. (TTEK) Receives Consensus Rating of “Hold” from Analysts

The Tetra Tech, Inc. (TTEK) Receives Consensus Rating of “Hold” from Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $48.50.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Tetra Tech from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a research report on Friday, August 4th. Roth Capital set a $52.00 price objective on shares of Tetra Tech and gave the company a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Tetra Tech in a research report on Tuesday, September 5th.

Shares of Tetra Tech (NASDAQ TTEK) traded down 0.10% during midday trading on Wednesday, hitting $49.60. The stock had a trading volume of 278,164 shares. Tetra Tech has a 52 week low of $36.96 and a 52 week high of $50.00. The stock has a market cap of $2.80 billion, a PE ratio of 25.14 and a beta of 1.07. The stock has a 50-day moving average of $46.10 and a 200 day moving average of $44.88.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 earnings per share. Analysts anticipate that Tetra Tech will post $2.11 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its stake in shares of Tetra Tech by 0.3% during the 2nd quarter. Manchester Capital Management LLC now owns 17,906 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 55 shares during the last quarter. Amalgamated Bank increased its stake in shares of Tetra Tech by 2.6% during the 2nd quarter. Amalgamated Bank now owns 7,989 shares of the industrial products company’s stock worth $365,000 after purchasing an additional 202 shares during the last quarter. First National Bank of Omaha increased its stake in shares of Tetra Tech by 0.7% during the 2nd quarter. First National Bank of Omaha now owns 28,991 shares of the industrial products company’s stock worth $1,326,000 after purchasing an additional 215 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Tetra Tech by 0.6% during the 2nd quarter. Texas Permanent School Fund now owns 41,731 shares of the industrial products company’s stock worth $1,909,000 after purchasing an additional 233 shares during the last quarter. Finally, Rathbone Brothers plc increased its stake in shares of Tetra Tech by 0.9% during the 2nd quarter. Rathbone Brothers plc now owns 32,345 shares of the industrial products company’s stock worth $1,480,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 84.79% of the company’s stock.

About Tetra Tech

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.

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