Noteworthy Price Action: Tetra Tech, Inc. Stock Price Hits All Time High Today

Noteworthy Price Action: Tetra Tech, Inc. Stock Price Hits All Time High Today

The stock of Tetra Tech, Inc. (NASDAQ:TTEK) reached all time high today, Oct, 7 and still has $52.75 target or 45.00% above today’s $36.38 share price. This indicates more upside for the $2.12 billion company. This technical setup was reported by Barchart.com. If the $52.75 PT is reached, the company will be worth $954.00M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 211,606 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 29.70% since March 4, 2016 and is uptrending. It has outperformed by 21.66% the S&P500.

Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on November, 9. They expect $0.59 EPS, up 18.00% or $0.09 from last year’s $0.5 per share. TTEK’s profit will be $34.38M for 15.42 P/E if the $0.59 EPS becomes a reality. After $0.50 actual EPS reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts 18.00% EPS growth.

Tetra Tech, Inc. (NASDAQ:TTEK) Ratings Coverage

Out of 8 analysts covering TETRA Tech (NASDAQ:TTEK), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. TETRA Tech has been the topic of 11 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Outperform” rating given on Friday, January 29 by Wedbush. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Overweight” rating by JP Morgan on Tuesday, November 10. As per Tuesday, January 5, the company rating was reinitiated by Stifel Nicolaus. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Neutral” rating by Wedbush on Wednesday, April 20. As per Friday, April 29, the company rating was downgraded by FBR Capital. The stock has “Outperform” rating given by Oppenheimer on Friday, January 29. The company was downgraded on Monday, April 18 by Oppenheimer. The firm earned “Buy” rating on Tuesday, April 19 by Sidoti. Wunderlich maintained it with “Buy” rating and $12.0 target price in Monday, November 9 report. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, July 29 report.

According to Zacks Investment Research, “TETRA TECH, INC. provides comprehensive environmental engineering and consulting services addressing complex water contamination and other environmental problems. These services are directed to a broad base of public and private sector clients and include substantially all types of engineering and consulting services in the environmental area, such as water chemistry, geohydrology, soil science, water and wastewater treatment, hydrodynamics, geology, air quality and civil engineering.”

Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.17, from 1.2 in 2016Q1. The ratio is negative, as 19 funds sold all Tetra Tech, Inc. shares owned while 76 reduced positions. 24 funds bought stakes while 74 increased positions. They now own 47.53 million shares or 8.34% less from 51.85 million shares in 2016Q1.
Moreover, Tiaa Cref Invest Mngmt Ltd Liability Corporation has 0.01% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 227,414 shares. State Of Tennessee Treasury Department holds 0.01% or 46,844 shares in its portfolio. First Advisors Limited Partnership, a Illinois-based fund reported 173,854 shares. Nuveen Asset Limited Com last reported 0% of its portfolio in the stock. Kbc Group Incorporated Nv holds 0.1% or 236,714 shares in its portfolio. Genesee Valley Tru owns 28,437 shares or 0.57% of their US portfolio. Ahl Llp accumulated 0.23% or 139,718 shares. Moreover, First Republic has 0.01% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 31,863 shares. Comerica Bancorp reported 57,867 shares or 0.02% of all its holdings. The United Kingdom-based Rathbone Brothers Pcl has invested 0.03% in Tetra Tech, Inc. (NASDAQ:TTEK). Quantbot Tech Limited Partnership has 0% invested in the company for 302 shares. Teachers Retirement System Of The State Of Kentucky accumulated 0.01% or 20,200 shares. Qs Lc holds 99,654 shares or 0.03% of its portfolio. The Kansas-based Tortoise Cap Advsrs Limited Liability Co has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK). The New York-based Alliancebernstein Lp has invested 0% in Tetra Tech, Inc. (NASDAQ:TTEK).

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 14 insider sales for $6.55 million net activity. BURDICK STEVEN M also sold $523,138 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares. SMITH ALBERT E had sold 7,000 shares worth $216,588. On Thursday, June 9 the insider THOMPSON J KENNETH sold $51,707. Another trade for 1,551 shares valued at $46,231 was sold by CARTER BRIAN N. CHRISTENSEN CRAIG L sold 16,750 shares worth $586,250. Shares for $941,216 were sold by CHU RONALD J. Shares for $536,000 were sold by SALIN JANIS B.

More recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: 247Wallst.com which released: “Tetra Tech Receives $400 Million Contract From US Department of Energy” on October 03, 2016. Also Businesswire.com published the news titled: “Tetra Tech Expands Water Data Management Services with Acquisition of INDUS …” on March 14, 2016. Businesswire.com‘s news article titled: “USAID and NASA Award Tetra Tech Geospatial Technology Contract in West Africa” with publication date: July 18, 2016 was also an interesting one.

TTEK Company Profile

Tetra Tech, Inc., incorporated on February 4, 1988, is a well-known provider of consulting, engineering, program management, construction management, and technical services. The Company’s divisions include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services. The RME segment provides consulting and engineering services across the world for a range of resource management and energy needs. The Firm includes wind-down of its non-core construction activities in the RCM segment. The Company’s solutions span the entire life cycle of consulting and engineering projects and include applied science, research and technology, engineering, design, construction management, activities and maintenance, and information technology. It provides its services to a diverse base of international, the United States commercial, the United Sates federal clients.

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