Tetra Tech Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:TTEK)
Shares of Tetra Tech (NASDAQ:TTEK) have been given a consensus recommendation of “Buy” by the thirteen ratings firms that are currently covering the company, AnalystRatings.NET reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $29.58.
Tetra Tech (NASDAQ:TTEK) traded up 0.64% on Thursday, hitting $28.24. 43,284 shares of the company’s stock traded hands. Tetra Tech has a 52 week low of $22.21 and a 52 week high of $30.92. The stock’s 50-day moving average is $26.82 and its 200-day moving average is $28.18. The company has a market cap of $1.834 billion and a P/E ratio of 311.78.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.09. The company had revenue of $586.30 million for the quarter, compared to the consensus estimate of $491.75 million. Analysts expect that Tetra Tech will post $1.79 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday. They now have a $29.00 price target on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, May 6th. They now have a $32.00 price target on the stock, down previously from $33.00. Finally, analysts at Davidson cut their price target on shares of Tetra Tech from $33.00 to $30.00 in a research note on Friday, May 2nd.
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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