Tetra Tech (NASDAQ:TTEK) PT Raised to $230.00 at Maxim Group

Tetra Tech (NASDAQ:TTEK - Get Free Report) had its target price upped by stock analysts at Maxim Group from $220.00 to $230.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "buy" rating on the industrial products company's stock. Maxim Group's price objective points to a potential upside of 18.12% from the company's current price.

Other analysts also recently issued reports about the stock. KeyCorp started coverage on shares of Tetra Tech in a report on Wednesday, January 10th. They issued an "overweight" rating and a $191.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Tetra Tech from $192.00 to $203.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $201.00.

Tetra Tech Price Performance

Shares of TTEK stock traded up $1.52 on Tuesday, hitting $194.72. 446,336 shares of the stock traded hands, compared to its average volume of 263,815. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of 45.07 and a beta of 0.96. Tetra Tech has a 52 week low of $132.29 and a 52 week high of $196.48. The firm has a 50 day simple moving average of $185.18 and a two-hundred day simple moving average of $170.94. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period last year, the firm earned $1.34 EPS. As a group, equities research analysts predict that Tetra Tech will post 6.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tetra Tech news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction on Monday, February 5th. The shares were sold at an average price of $165.01, for a total value of $1,176,191.28. Following the completion of the transaction, the chief financial officer now directly owns 37,405 shares of the company's stock, valued at approximately $6,172,199.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the transaction, the chief financial officer now directly owns 29,890 shares of the company's stock, valued at approximately $5,250,776.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.01, for a total transaction of $1,176,191.28. Following the transaction, the chief financial officer now directly owns 37,405 shares of the company's stock, valued at $6,172,199.05. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $5,487,673 in the last three months. Corporate insiders own 0.61% of the company's stock.

Institutional Trading of Tetra Tech

Several institutional investors have recently added to or reduced their stakes in TTEK. Norges Bank purchased a new stake in shares of Tetra Tech in the fourth quarter worth approximately $96,655,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Tetra Tech during the 4th quarter valued at $82,209,000. International Assets Investment Management LLC boosted its holdings in Tetra Tech by 16,621.9% during the 4th quarter. International Assets Investment Management LLC now owns 221,064 shares of the industrial products company's stock valued at $36,902,000 after acquiring an additional 219,742 shares during the period. Sarasin & Partners LLP boosted its holdings in Tetra Tech by 18.3% during the 4th quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company's stock valued at $203,976,000 after acquiring an additional 189,049 shares during the period. Finally, Bank of Nova Scotia purchased a new position in Tetra Tech during the 3rd quarter valued at $23,934,000. Institutional investors own 93.89% of the company's stock.

Tetra Tech Company Profile

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.