Tetra Tech (NASDAQ:TTEK) Stock Rating Upgraded by StockNews.com

Tetra Tech (NASDAQ:TTEK - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

TTEK has been the subject of a number of other research reports. KeyCorp lifted their target price on shares of Tetra Tech from $209.00 to $219.00 and gave the stock an "overweight" rating in a research report on Friday. Royal Bank of Canada lifted their price objective on Tetra Tech from $203.00 to $233.00 and gave the stock an "outperform" rating in a research report on Friday. Robert W. Baird increased their target price on Tetra Tech from $180.00 to $200.00 and gave the company a "neutral" rating in a report on Thursday. Maxim Group boosted their price target on Tetra Tech from $220.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Northcoast Research upgraded Tetra Tech from a "neutral" rating to a "buy" rating and set a $225.00 price objective on the stock in a research report on Thursday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of "Moderate Buy" and an average price target of $221.40.

Tetra Tech Price Performance

TTEK stock traded up $3.49 during trading on Friday, reaching $207.75. 402,949 shares of the company were exchanged, compared to its average volume of 270,248. Tetra Tech has a 52-week low of $132.29 and a 52-week high of $208.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $11.11 billion, a P/E ratio of 42.05 and a beta of 0.93. The stock's 50 day moving average price is $186.65 and its 200 day moving average price is $171.64.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The company's quarterly revenue was down 9.5% on a year-over-year basis. As a group, analysts predict that Tetra Tech will post 6.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tetra Tech news, Director J Kenneth Thompson sold 3,500 shares of Tetra Tech stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total value of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at approximately $1,946,981.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Steven M. Burdick sold 7,128 shares of Tetra Tech stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the transaction, the chief financial officer now owns 37,405 shares in the company, valued at $6,172,199.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 3,500 shares of the business's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the sale, the director now directly owns 10,985 shares of the company's stock, valued at approximately $1,946,981.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,123 shares of company stock worth $5,487,673. 0.61% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tetra Tech

Institutional investors have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in shares of Tetra Tech during the 1st quarter valued at $27,000. Contravisory Investment Management Inc. purchased a new position in Tetra Tech in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp acquired a new position in shares of Tetra Tech during the fourth quarter worth about $33,000. Principal Securities Inc. purchased a new stake in shares of Tetra Tech in the fourth quarter worth about $36,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Tetra Tech in the fourth quarter valued at about $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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