Tetra Tech, Inc. (NASDAQ:TTEK) Stock Has Average Price Target of $39.00

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.00.

A number of equities analysts recently issued reports on TTEK shares. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. National Bank Financial cut their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Royal Bank Of Canada dropped their price target on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Finally, KeyCorp restated an “overweight” rating and set a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a report on Thursday, October 15th.

Tetra Tech Price Performance

NASDAQ TTEK opened at $40.94 on Thursday. The stock has a market capitalization of $10.48 billion, a P/E ratio of 24.66 and a beta of 0.86. Tetra Tech has a 1 year low of $25.81 and a 1 year high of $43.14. The business’s fifty day moving average is $35.57 and its two-hundred day moving average is $33.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTEK. Lido Advisors LLC purchased a new position in Tetra Tech during the 3rd quarter valued at about $391,000. D Orazio & Associates Inc. lifted its position in shares of Tetra Tech by 1.0% in the third quarter. D Orazio & Associates Inc. now owns 62,089 shares of the industrial products company’s stock worth $2,046,000 after purchasing an additional 617 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Tetra Tech by 18.4% during the third quarter. New York Life Investment Management LLC now owns 38,114 shares of the industrial products company’s stock worth $1,256,000 after purchasing an additional 5,932 shares during the period. AlphaCore Capital LLC grew its position in Tetra Tech by 38.3% during the third quarter. AlphaCore Capital LLC now owns 10,194 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in Tetra Tech during the third quarter valued at approximately $1,571,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Company Profile

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.