KeyCorp Boosts Tetra Tech (NASDAQ:TTEK) Price Target to $219.00

Tetra Tech (NASDAQ:TTEK - Get Free Report) had its price objective lifted by equities research analysts at KeyCorp from $209.00 to $219.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the industrial products company's stock. KeyCorp's price target indicates a potential upside of 5.42% from the company's previous close.

TTEK has been the subject of several other reports. Royal Bank of Canada increased their price target on Tetra Tech from $203.00 to $233.00 and gave the stock an "outperform" rating in a report on Friday. Robert W. Baird raised their price target on Tetra Tech from $180.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday. Maxim Group raised their price target on Tetra Tech from $220.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Northcoast Research upgraded Tetra Tech from a "neutral" rating to a "buy" rating and set a $225.00 price target for the company in a research report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $221.40.

Tetra Tech Stock Up 1.7 %

TTEK traded up $3.49 on Friday, reaching $207.75. The company's stock had a trading volume of 402,949 shares, compared to its average volume of 270,248. The stock has a 50 day moving average of $186.65 and a two-hundred day moving average of $171.64. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 42.05 and a beta of 0.93. Tetra Tech has a fifty-two week low of $132.29 and a fifty-two week high of $208.76.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. Tetra Tech had a return on equity of 21.60% and a net margin of 5.36%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $1.17 earnings per share. The company's revenue was down 9.5% compared to the same quarter last year. As a group, analysts forecast that Tetra Tech will post 6.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tetra Tech news, SVP Brian N. Carter sold 5,580 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $176.52, for a total value of $984,981.60. Following the sale, the senior vice president now directly owns 8,360 shares of the company's stock, valued at approximately $1,475,707.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total value of $1,320,160.05. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brian N. Carter sold 5,580 shares of Tetra Tech stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the transaction, the senior vice president now directly owns 8,360 shares in the company, valued at $1,475,707.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,123 shares of company stock valued at $5,487,673. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in Tetra Tech during the 1st quarter worth approximately $27,000. Contravisory Investment Management Inc. purchased a new stake in Tetra Tech during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp purchased a new stake in Tetra Tech during the 4th quarter worth approximately $33,000. Principal Securities Inc. purchased a new stake in Tetra Tech during the 4th quarter worth approximately $36,000. Finally, Creekmur Asset Management LLC purchased a new stake in Tetra Tech during the 4th quarter worth approximately $38,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

About Tetra Tech

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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