Tetra Tech (NASDAQ:TTEK) Stock Rating Upgraded by StockNews.com

Tetra Tech (NASDAQ:TTEKGet Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms also recently issued reports on TTEK. Maxim Group dropped their price target on shares of Tetra Tech from $215.00 to $190.00 in a research note on Friday, May 6th. Boenning Scattergood reissued a “neutral” rating on shares of Tetra Tech in a research note on Thursday, May 5th.

TTEK stock opened at $120.41 on Friday. The company has a fifty day moving average price of $135.32 and a 200-day moving average price of $150.69. The company has a market capitalization of $6.46 billion, a P/E ratio of 25.62 and a beta of 0.93. Tetra Tech has a 52-week low of $116.01 and a 52-week high of $192.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.26 and a current ratio of 1.26.

Tetra Tech (NASDAQ:TTEKGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The industrial products company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.08. The firm had revenue of $699.64 million during the quarter, compared to the consensus estimate of $653.85 million. Tetra Tech had a net margin of 7.53% and a return on equity of 18.53%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, sell-side analysts forecast that Tetra Tech will post 4.41 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its stake in Tetra Tech by 156.8% in the first quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 127 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Tetra Tech in the first quarter valued at $35,000. Covestor Ltd increased its stake in Tetra Tech by 90.8% in the first quarter. Covestor Ltd now owns 248 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 118 shares in the last quarter. CWM LLC bought a new stake in Tetra Tech in the fourth quarter valued at $44,000. Finally, Signaturefd LLC increased its stake in Tetra Tech by 581.8% in the first quarter. Signaturefd LLC now owns 300 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 256 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Company Profile (Get Rating)

Tetra Tech, Inc provides consulting and engineering services worldwide. 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.

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