The stock of Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week high and has $44.85 target or 3.00% above today’s $43.54 share price. The 7 months bullish chart indicates low risk for the $2.53B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $44.85 price target is reached, the company will be worth $75.90M 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 488,631 shares traded hands or 8.94% up from the average. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 44.66% since April 25, 2016 and is uptrending. It has outperformed by 38.65% the S&P500.
Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on January, 25. They expect $0.47 earnings per share, up 20.51% or $0.08 from last year’s $0.39 per share. TTEK’s profit will be $27.31 million for 23.16 P/E if the $0.47 EPS becomes a reality. After $0.59 actual earnings per share reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts -20.34% negative EPS growth.
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. TETRA Tech has been the topic of 12 analyst reports since November 9, 2015 according to StockzIntelligence Inc. Sidoti initiated the stock with “Buy” rating in Tuesday, April 19 report. Oppenheimer downgraded Tetra Tech, Inc. (NASDAQ:TTEK) on Monday, April 18 to “Perform” rating. The rating was upgraded by Canaccord Genuity to “Buy” on Tuesday, May 31. On Friday, July 29 the stock rating was maintained by FBR Capital with “Mkt Perform”. Wunderlich maintained Tetra Tech, Inc. (NASDAQ:TTEK) rating on Monday, November 9. Wunderlich has “Buy” rating and $12.0 price target. The firm has “Outperform” rating by Oppenheimer given on Friday, January 29. The company was maintained on Friday, January 29 by Wedbush. The rating was downgraded by FBR Capital to “Market Perform” on Friday, April 29. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) earned “Overweight” rating by JP Morgan on Tuesday, November 10. The firm has “Neutral” rating given on Wednesday, April 20 by Wedbush.
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 increased to 1.04 in Q2 2016. Its up 0.01, from 1.03 in 2016Q1. The ratio is positive, 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.
State Board Of Administration Of Florida Retirement Sys holds 0.01% or 58,243 shares in its portfolio. First Interstate State Bank last reported 0% of its portfolio in the stock. D E Shaw & Inc has 0% invested in the company for 40,986 shares. The California-based California Public Employees Retirement has invested 0.01% in Tetra Tech, Inc. (NASDAQ:TTEK). Tower Rech Cap Ltd (Trc) has 3,337 shares for 0.01% of their US portfolio. Teachers Advsr Incorporated owns 103,307 shares or 0.01% of their US portfolio. Nordea Management last reported 0% of its portfolio in the stock. Nuveen Asset Mgmt Limited Liability Company last reported 18,897 shares in the company. Rockefeller Fincl holds 14,860 shares or 0.01% of its portfolio. Cornercap Inv Counsel holds 0.11% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 18,385 shares. Comml Bank Of Montreal Can has 44,810 shares for 0% of their US portfolio. Cap Fund Mngmt Sa has 0.01% invested in the company for 31,300 shares. Aperio Gru Ltd has invested 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Renaissance Technologies Limited Liability owns 110,200 shares or 0.01% of their US portfolio. Blackrock Gru Ltd has 0% invested in the company for 282,802 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 13 sales for $6.15 million net activity. 8,000 shares with value of $262,038 were sold by THOMPSON J KENNETH on Wednesday, August 3. Shares for $199,650 were sold by MCDONALD KEVIN P on Friday, October 14. Another trade for 16,750 shares valued at $586,250 was sold by CHRISTENSEN CRAIG L. 16,750 Tetra Tech, Inc. (NASDAQ:TTEK) shares with value of $559,785 were sold by SHOEMAKER LESLIE L. SALIN JANIS B had sold 16,750 shares worth $536,000 on Thursday, July 21. 8,000 Tetra Tech, Inc. (NASDAQ:TTEK) shares with value of $247,945 were sold by TRULY RICHARD H. $216,588 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by SMITH ALBERT E.
More news for Tetra Tech, Inc. (NASDAQ:TTEK) were recently published by: Prnewswire.com, which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on September 21, 2016. Labusinessjournal.com‘s article titled: “Tetra Tech Part of $400 Million Army Base Cleanup Contract” and published on October 24, 2016 is yet another important article.
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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