KeyCorp Increases Tetra Tech (NASDAQ:TTEK) Price Target to $219.00

Tetra Tech (NASDAQ:TTEK) had its price target boosted by stock analysts at KeyCorp from $209.00 to $219.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. KeyCorp’s price target would suggest a potential upside of 5.42% from the stock’s previous close.

Several other research analysts have also weighed in on TTEK. Robert W. Baird boosted their price target on Tetra Tech from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday. Maxim Group increased their price target on shares of Tetra Tech from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on shares of Tetra Tech from $203.00 to $233.00 and gave the company an “outperform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average price target of $221.40.

Tetra Tech Trading Up 1.7 %

NASDAQ:TTEK opened at $207.75 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.24 and a debt-to-equity ratio of 0.60. Tetra Tech has a twelve month low of $132.29 and a twelve month high of $208.76. The company has a market cap of $11.11 billion, a P/E ratio of 42.05 and a beta of 0.93. The business has a 50 day moving average price of $186.65 and a two-hundred day moving average price of $171.67.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.17 EPS. As a group, analysts expect that Tetra Tech will post 6.2 EPS for the current fiscal year.

Insider Activity at Tetra Tech

In other Tetra Tech news, Director J Kenneth Thompson sold 8,400 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares in the company, valued at $2,390,025. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Brian N. Carter sold 5,580 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $176.52, for a total value of $984,981.60. Following the completion of the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the transaction, the director now owns 14,485 shares in the company, valued at $2,390,025. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,123 shares of company stock worth $5,487,673. Insiders own 0.61% of the company’s stock.

Institutional Trading of Tetra Tech

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Commonwealth Equity Services LLC boosted its stake in shares of Tetra Tech by 6.1% in the third quarter. Commonwealth Equity Services LLC now owns 5,046 shares of the industrial products company’s stock valued at $767,000 after buying an additional 290 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Tetra Tech by 7.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,856 shares of the industrial products company’s stock worth $282,000 after purchasing an additional 134 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Tetra Tech by 13.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 35,971 shares of the industrial products company’s stock worth $5,469,000 after purchasing an additional 4,149 shares during the period. Raymond James & Associates raised its stake in Tetra Tech by 29.3% in the third quarter. Raymond James & Associates now owns 34,158 shares of the industrial products company’s stock valued at $5,193,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Tetra Tech by 7.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,558 shares of the industrial products company’s stock valued at $3,429,000 after purchasing an additional 1,566 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Company Profile

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.