Tetra Tech (NASDAQ:TTEK - Get Free Report) had its price objective reduced by research analysts at KeyCorp from $45.00 to $34.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the industrial products company's stock. KeyCorp's price target indicates a potential upside of 13.14% from the stock's previous close.
TTEK has been the topic of a number of other reports. Royal Bank of Canada set a $49.00 target price on shares of Tetra Tech in a report on Friday, January 31st. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $45.72.
Check Out Our Latest Analysis on TTEK
Tetra Tech Stock Down 0.6 %
Shares of NASDAQ:TTEK traded down $0.17 during trading on Wednesday, hitting $30.05. 382,538 shares of the company were exchanged, compared to its average volume of 1,996,830. The firm's 50 day moving average price is $29.63 and its 200-day moving average price is $38.13. Tetra Tech has a 12-month low of $27.27 and a 12-month high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $8.05 billion, a P/E ratio of 31.57 and a beta of 0.89.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, research analysts predict that Tetra Tech will post 1.37 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Kirsten M. Volpi sold 10,116 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now directly owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.
Institutional Trading of Tetra Tech
Several institutional investors and hedge funds have recently modified their holdings of TTEK. R Squared Ltd purchased a new stake in shares of Tetra Tech in the fourth quarter valued at $39,000. Asset Planning Inc purchased a new stake in Tetra Tech during the fourth quarter valued at about $40,000. Jones Financial Companies Lllp increased its position in Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after purchasing an additional 495 shares in the last quarter. Caption Management LLC purchased a new position in shares of Tetra Tech in the 4th quarter valued at $40,000. Finally, Blue Trust Inc. raised its position in Tetra Tech by 235.8% in the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 1,014 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.
About Tetra Tech
(
Get Free Report)
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.
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