Tetra Tech (NASDAQ:TTEK) PT Raised to $180.00

Tetra Tech (NASDAQ:TTEK) had its price objective increased by research analysts at Robert W. Baird from $172.00 to $180.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 9.02% from the stock’s current price.

Several other analysts have also recently commented on the stock. Maxim Group raised their price objective on shares of Tetra Tech from $200.00 to $215.00 in a research note on Friday, August 11th. KeyCorp raised their price objective on shares of Tetra Tech from $185.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. StockNews.com initiated coverage on shares of Tetra Tech in a research report on Thursday, October 5th. They set a “hold” rating for the company. Royal Bank of Canada initiated coverage on shares of Tetra Tech in a research report on Monday, August 28th. They set an “outperform” rating and a $181.00 target price for the company. Finally, William Blair initiated coverage on shares of Tetra Tech in a research report on Wednesday, September 13th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

Tetra Tech Stock Up 0.8 %

Shares of NASDAQ:TTEK opened at $165.10 on Thursday. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 32.37 and a beta of 1.00. The firm’s 50-day simple moving average is $155.50 and its 200-day simple moving average is $156.97. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. Tetra Tech has a fifty-two week low of $131.19 and a fifty-two week high of $173.27.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 15th. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.34. Tetra Tech had a net margin of 6.05% and a return on equity of 21.73%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 43.6% compared to the same quarter last year. As a group, equities research analysts predict that Tetra Tech will post 5.94 earnings per share for the current year.

Institutional Investors Weigh In On Tetra Tech

A number of hedge funds and other institutional investors have recently modified their holdings of TTEK. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Tetra Tech during the second quarter worth approximately $29,000. Parallel Advisors LLC grew its stake in Tetra Tech by 109.0% during the first quarter. Parallel Advisors LLC now owns 209 shares of the industrial products company’s stock worth $31,000 after buying an additional 109 shares during the period. Denali Advisors LLC grew its stake in Tetra Tech by 92.6% during the second quarter. Denali Advisors LLC now owns 208 shares of the industrial products company’s stock worth $34,000 after buying an additional 100 shares during the period. Raleigh Capital Management Inc. grew its stake in Tetra Tech by 76.1% during the first quarter. Raleigh Capital Management Inc. now owns 236 shares of the industrial products company’s stock worth $35,000 after buying an additional 102 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in Tetra Tech by 165.9% during the fourth quarter. Meeder Asset Management Inc. now owns 242 shares of the industrial products company’s stock worth $35,000 after buying an additional 151 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services worldwide. 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.