Tetra Tech (NASDAQ:TTEK) Research Coverage Started at William Blair

Equities research analysts at William Blair began coverage on shares of Tetra Tech (NASDAQ:TTEK) in a research report issued on Wednesday, Briefing.com reports. The brokerage set an “outperform” rating on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the company. KeyCorp upped their target price on Tetra Tech from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Robert W. Baird increased their target price on Tetra Tech from $157.00 to $172.00 in a research report on Thursday, August 10th. Royal Bank of Canada assumed coverage on Tetra Tech in a research note on Monday, August 28th. They issued an “outperform” rating and a $181.00 price objective for the company. Maxim Group lifted their target price on shares of Tetra Tech from $200.00 to $215.00 in a research report on Friday, August 11th. Finally, StockNews.com assumed coverage on shares of Tetra Tech in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $154.53 on Wednesday. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 27.35 and a beta of 0.99. Tetra Tech has a fifty-two week low of $122.86 and a fifty-two week high of $173.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day moving average price of $164.20 and a 200-day moving average price of $152.18.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $959.52 million. Tetra Tech had a return on equity of 20.41% and a net margin of 7.27%. Tetra Tech’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. As a group, equities analysts anticipate that Tetra Tech will post 5.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Tetra Tech

A number of hedge funds have recently bought and sold shares of TTEK. Exchange Traded Concepts LLC bought a new position in shares of Tetra Tech during the 1st quarter worth approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Tetra Tech during the second quarter worth $29,000. Parallel Advisors LLC boosted its stake in Tetra Tech by 109.0% during the first quarter. Parallel Advisors LLC now owns 209 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 109 shares in the last quarter. ST Germain D J Co. Inc. bought a new stake in Tetra Tech in the fourth quarter valued at $33,000. Finally, Denali Advisors LLC raised its holdings in shares of Tetra Tech by 92.6% during the second quarter. Denali Advisors LLC now owns 208 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 100 shares during the period. Institutional investors own 87.95% of the company’s stock.

Tetra Tech Company Profile

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.