Live Price Coverage: After Making 52-Week High, Is Tetra Tech, Inc.’s Near-Term Analysis Positive?

Live Price Coverage: After Making 52 Week High, Is Tetra Tech, Inc.'s Near Term Analysis Positive?

The stock of Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week high and has $54.43 target or 48.00% above today’s $36.78 share price. The 6 months bullish chart indicates low risk for the $2.14 billion company. The 1-year high was reported on Oct, 17 by If the $54.43 price target is reached, the company will be worth $1.03 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,397 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 30.62% since March 14, 2016 and is uptrending. It has outperformed by 25.00% the S&P500.

Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on November, 9. They expect $0.59 earnings per share, up 18.00% or $0.09 from last year’s $0.5 per share. TTEK’s profit will be $34.33M for 15.58 P/E if the $0.59 EPS becomes a reality. After $0.50 actual earnings per share 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. $36 is the highest target while $12.0 is the lowest. The $27 average target is -26.59% below today’s ($36.78) stock price. 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) earned “Outperform” rating by Oppenheimer on Friday, January 29. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Buy” rating by Canaccord Genuity on Tuesday, May 31. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Hold” rating by Stifel Nicolaus on Tuesday, January 5. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Market Perform” rating given on Friday, April 29 by FBR Capital. The firm has “Perform” rating given on Monday, April 18 by Oppenheimer. The rating was initiated by Sidoti with “Buy” on Tuesday, April 19. FBR Capital maintained Tetra Tech, Inc. (NASDAQ:TTEK) rating on Friday, July 29. FBR Capital has “Mkt Perform” rating and $36 price target. Wunderlich maintained it with “Buy” rating and $12.0 target price in Monday, November 9 report. On Tuesday, November 10 the stock rating was upgraded by JP Morgan to “Overweight”. Wedbush maintained the stock with “Outperform” rating in Friday, January 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 Q2 2016. Its down 0.17, from 1.2 in 2016Q1. The ratio dived, 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, Ls Advisors Ltd Llc has 0% invested in Tetra Tech, Inc. (NASDAQ:TTEK) for 2,108 shares. South Dakota Invest Council holds 0.13% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 186,600 shares. Nuveen Asset Mngmt Lc last reported 0% of its portfolio in the stock. Numeric Investors Ltd Liability has 0.2% invested in the company for 724,710 shares. Cornerstone Capital holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 8,134 shares. Credit Suisse Ag holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 65,371 shares. Bancorp Of America De, a North Carolina-based fund reported 116,088 shares. Systematic Fincl Ltd Partnership has invested 0.18% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). The Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Tetra Tech, Inc. (NASDAQ:TTEK). Shell Asset Mngmt has 0.02% invested in the company for 33,137 shares. California Pub Employees Retirement System accumulated 0.01% or 204,900 shares. Teacher Retirement Sys Of Texas has 8,071 shares for 0% of their US portfolio. Stifel last reported 0.01% of its portfolio in the stock. Federated Investors Pa holds 13,863 shares or 0% of its portfolio. Tiaa Cref Inv Limited reported 227,414 shares or 0.01% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 0 insider buys, and 14 selling transactions for $6.55 million net activity. Another trade for 50,000 shares valued at $1.54 million was made by BATRACK DAN L on Thursday, June 9. THOMPSON J KENNETH sold 8,000 shares worth $262,038. $506,619 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by CHRISTENSEN CRAIG L. SHOEMAKER LESLIE L sold $559,785 worth of stock or 16,750 shares. The insider SALIN JANIS B sold 16,750 shares worth $536,000. The insider TRULY RICHARD H sold $247,945. Shares for $523,138 were sold by BURDICK STEVEN M on Monday, July 11.

More important recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: which released: “USAID Awards Tetra Tech $40 Million Contract for Water, Sanitation, and …” on October 13, 2016, also published article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …”, published: “Tetra Tech Receives $400 Million Contract From US Department of Energy” on October 03, 2016. More interesting news about Tetra Tech, Inc. (NASDAQ:TTEK) was released by: and their article: “Tetra Tech Expands Water Data Management Services with Acquisition of INDUS …” with publication date: March 14, 2016.

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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