Tetra Tech Stock Rating Upgraded by Robert W. Baird (TTEK)
Tetra Tech (NASDAQ:TTEK) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $36.00 target price on the stock, up from their previous target price of $32.00. Robert W. Baird’s price target would indicate a potential upside of 21.99% from the stock’s previous close.
Tetra Tech (NASDAQ:TTEK) traded up 1.97% during mid-day trading on Friday, hitting $29.51. The stock had a trading volume of 585,858 shares. Tetra Tech has a 52 week low of $22.21 and a 52 week high of $31.49. The stock has a 50-day moving average of $28.36 and a 200-day moving average of $26.08. The company’s market cap is $1.893 billion.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Thursday, January 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.05. The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $497.89 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.76 earnings per share for the current fiscal year.
TTEK has been the subject of a number of other recent research reports. Analysts at Brean Capital raised their price target on shares of Tetra Tech from $32.00 to $34.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Stephens upgraded shares of Tetra Tech from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, January 17th. They now have a $36.00 price target on the stock. Finally, analysts at KeyCorp upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. They now have a $33.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $30.45.
In other Tetra Tech news, SVP Craig Christensen sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the sale, the senior vice president now directly owns 29,509 shares of the company’s stock, valued at approximately $885,270. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment.
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