The stock of Tetra Tech, Inc. (NASDAQ:TTEK) reached all time high today, Oct, 17 and still has $47.30 target or 28.00% above today’s $36.95 share price. This indicates more upside for the $2.15 billion company. This technical setup was reported by Barchart.com. If the $47.30 PT is reached, the company will be worth $602.00M 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 99,364 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 EPS, up 18.00% or $0.09 from last year’s $0.5 per share. TTEK’s profit will be $34.33 million for 15.66 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. On Friday, January 29 the stock rating was maintained by Wedbush with “Outperform”. The rating was reinitiated by Stifel Nicolaus with “Hold” on Tuesday, January 5. The rating was upgraded by JP Morgan on Tuesday, November 10 to “Overweight”. FBR Capital downgraded the stock to “Market Perform” rating in Friday, April 29 report. FBR Capital maintained Tetra Tech, Inc. (NASDAQ:TTEK) rating on Friday, July 29. FBR Capital has “Mkt Perform” rating and $36 price target. As per Friday, January 29, the company rating was maintained by Oppenheimer. As per Monday, April 18, the company rating was downgraded by Oppenheimer. Wedbush downgraded the shares of TTEK in a report on Wednesday, April 20 to “Neutral” rating. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, May 31. Wunderlich maintained the shares of TTEK in a report on Monday, November 9 with “Buy” rating.
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 dropped, 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 Invest Mgmt holds 262,742 shares or 0.01% of its portfolio. Wasatch Advsr Inc owns 101,462 shares or 0.05% of their US portfolio. Alliancebernstein L P has 0% invested in the company for 148,772 shares. Invest Counselors Of Maryland Limited Liability Com last reported 644,275 shares in the company. Pacad Investment Ltd, a British Columbia – Canada-based fund reported 1,400 shares. Neuberger Berman Gp Ltd Liability has 1.12M shares for 0.05% of their US portfolio. Envestnet Asset Management holds 5,346 shares or 0% of its portfolio. Robecosam Usa accumulated 70,264 shares or 2.69% of the stock. Thrivent Finance For Lutherans has invested 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). Nationwide Fund Advsrs reported 50,886 shares or 0.01% of all its holdings. Credit Suisse Ag has 0% invested in the company for 65,371 shares. State Street Corp has 1.23 million shares for 0% of their US portfolio. Genesee Valley Tru holds 0.57% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK) for 28,437 shares. Suntrust Banks has invested 0.01% of its portfolio in Tetra Tech, Inc. (NASDAQ:TTEK). New York State Teachers Retirement Systems has 0.01% invested in the company for 168,936 shares.
Insider Transactions: Since May 2, 2016, the stock had 0 insider purchases, and 14 insider sales for $6.55 million net activity. $216,588 worth of Tetra Tech, Inc. (NASDAQ:TTEK) was sold by SMITH ALBERT E. THOMPSON J KENNETH sold $262,038 worth of Tetra Tech, Inc. (NASDAQ:TTEK) on Wednesday, August 3. 8,750 Tetra Tech, Inc. (NASDAQ:TTEK) shares with value of $282,375 were sold by LEMMON RICHARD A. $506,619 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by CHRISTENSEN CRAIG L. TRULY RICHARD H sold 8,000 shares worth $247,945. $941,216 worth of Tetra Tech, Inc. (NASDAQ:TTEK) was sold by CHU RONALD J on Thursday, July 21. Shares for $536,000 were sold by SALIN JANIS B on Thursday, July 21.
More important recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Businesswire.com which released: “USAID Awards Tetra Tech $40 Million Contract for Water, Sanitation, and …” on October 13, 2016, also Benzinga.com published article titled: “Black Dragon Gold Corp. Engages Tetra Tech WEI Inc.”, 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: 247Wallst.com and their article: “Tetra Tech Receives $400 Million Contract From US Department of Energy” with publication date: October 03, 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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