The stock of Tetra Tech, Inc. (NASDAQ:TTEK) reached all time high today, Nov, 15 and still has $59.64 target or 46.00% above today’s $40.85 share price. This indicates more upside for the $2.42B company. This technical setup was reported by Barchart.com. If the $59.64 PT is reached, the company will be worth $1.11 billion 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 35,104 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 37.34% since April 13, 2016 and is uptrending. It has outperformed by 33.41% the S&P500.
Tetra Tech, Inc. (NASDAQ:TTEK) Ratings Coverage
Out of 9 analysts covering TETRA Tech (NASDAQ:TTEK), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $36 is the highest target while $12.0 is the lowest. The $27 average target is -33.90% below today’s ($40.85) stock price. TETRA Tech has been the topic of 12 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Sidoti given on Tuesday, April 19. The company was maintained on Friday, January 29 by Oppenheimer. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Hold” rating given on Tuesday, January 5 by Stifel Nicolaus. The rating was maintained by Wunderlich with “Buy” on Monday, November 9. The stock has “Overweight” rating given by JP Morgan on Tuesday, November 10. Oppenheimer downgraded the stock to “Perform” rating in Monday, April 18 report. Wedbush maintained the stock with “Outperform” rating in Friday, January 29 report. The company was upgraded on Tuesday, May 31 by Canaccord Genuity. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, July 29. The rating was downgraded by Wedbush to “Neutral” on Wednesday, April 20.
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 worsened, 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.
Blackrock holds 0% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 52,226 shares. Value Holdings Ltd Partnership last reported 220,500 shares in the company. Kbc Grp Inc Nv owns 236,714 shares or 0.1% of their US portfolio. Synovus accumulated 0.03% or 41,928 shares. Rhumbline Advisers has 0.01% invested in the company for 95,963 shares. Putnam Invs Ltd Liability Corp accumulated 158,522 shares or 0.01% of the stock. Phocas Fincl accumulated 0.91% or 407,072 shares. Blackrock Grp Limited holds 0% or 282,802 shares in its portfolio. Philadelphia Trust, a Pennsylvania-based fund reported 36,704 shares. Stifel Corp owns 35,747 shares or 0.01% of their US portfolio. Amalgamated Bankshares last reported 6,854 shares in the company. First Trust Advsr Limited Partnership has 0.02% invested in the company for 173,854 shares. M&T National Bank Corp holds 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 39,105 shares. The California-based Lombardia Capital Prtnrs Limited Liability Company has invested 1.33% in Tetra Tech, Inc. (NASDAQ:TTEK). Rainier Mngmt Limited Liability accumulated 0.17% or 115,000 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 13 sales for $6.46 million net activity. Another trade for 8,750 shares valued at $282,375 was sold by LEMMON RICHARD A. The insider SMITH ALBERT E sold 7,000 shares worth $216,588. 8,000 Tetra Tech, Inc. (NASDAQ:TTEK) shares with value of $262,038 were sold by THOMPSON J KENNETH. BURDICK STEVEN M also sold $523,138 worth of Tetra Tech, Inc. (NASDAQ:TTEK) on Monday, July 11. SHOEMAKER LESLIE L sold $559,785 worth of stock or 16,750 shares. Shares for $1.54 million were sold by BATRACK DAN L. 16,750 shares were sold by SALIN JANIS B, worth $536,000.
More important recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Nasdaq.com which released: “Tetra Tech Inc Bottom Line Advances 14% In Q4” on November 09, 2016, also Businesswire.com published article titled: “Tetra Tech Elects Joanne M. Maguire as New Board Member and Announces Admiral …”, Prnewswire.com published: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on September 21, 2016. More interesting news about Tetra Tech, Inc. (NASDAQ:TTEK) was released by: Businesswire.com 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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