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Tetra Tech (NASDAQ:TTEK) was downgraded by investment analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $23.00 target price on the stock, down from their previous target price of $31.00. Robert W. Baird’s price objective would suggest a potential downside of 8.37% from the company’s current price.

TTEK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, July 2nd. They now have a $29.00 price target on the stock. 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.50.

Tetra Tech (NASDAQ:TTEK) traded up 3.38% on Thursday, hitting $25.10. 1,279,644 shares of the company’s stock traded hands. Tetra Tech has a 1-year low of $22.21 and a 1-year high of $30.92. The stock’s 50-day moving average is $27.09 and its 200-day moving average is $28.04. The company has a market cap of $1.6 million and a P/E ratio of 14.27.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.01. The company had revenue of $458.80 million for the quarter, compared to the consensus estimate of $494.62 million. During the same quarter in the prior year, the company posted ($1.21) earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 13th.

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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