The stock of Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week high and has $47.20 target or 9.00% above today’s $43.30 share price. The 7 months bullish chart indicates low risk for the $2.58B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $47.20 price target is reached, the company will be worth $232.20 million 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 276,170 shares traded hands. Tetra Tech, Inc. (NASDAQ:TTEK) has risen 40.24% since April 21, 2016 and is uptrending. It has outperformed by 34.91% the S&P500.
Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on January, 25. They expect $0.47 EPS, up 20.51% or $0.08 from last year’s $0.39 per share. TTEK’s profit will be $28.00M for 23.03 P/E if the $0.47 EPS becomes a reality. After $0.59 actual EPS 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. The stock has “Overweight” rating given by JP Morgan on Tuesday, November 10. As per Friday, January 29, the company rating was maintained by Oppenheimer. The company was initiated on Tuesday, April 19 by Sidoti. The rating was reinitiated by Stifel Nicolaus on Tuesday, January 5 with “Hold”. The rating was maintained by Wedbush on Friday, January 29 with “Outperform”. The firm has “Market Perform” rating by FBR Capital given on Friday, April 29. The firm has “Neutral” rating by Wedbush given on Wednesday, April 20. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Buy” rating given on Monday, November 9 by Wunderlich. On Monday, April 18 the stock rating was downgraded by Oppenheimer to “Perform”. The rating was maintained by FBR Capital on Friday, July 29 with “Mkt Perform”.
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 increased, 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.
Nuveen Asset Mgmt Limited accumulated 18,897 shares or 0% of the stock. Geode Capital Management Limited Liability Company owns 405,258 shares or 0.01% of their US portfolio. Hbk Invs L P holds 12,208 shares or 0% of its portfolio. Prudential Public Limited Liability holds 0% or 7,361 shares in its portfolio. Kanaly Trust last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys has 121,425 shares for 0.01% of their US portfolio. Highbridge Capital Ltd last reported 22,713 shares in the company. Ladenburg Thalmann Financial Service accumulated 0% or 2,588 shares. Metropolitan Life Insur Communications Ny last reported 0.01% of its portfolio in the stock. Fdx Advisors owns 33,971 shares or 0.05% of their US portfolio. Rockefeller Ser Incorporated, a New York-based fund reported 14,860 shares. American Intll Group Inc, a New York-based fund reported 82,881 shares. S&T Bank & Trust Pa last reported 533,592 shares in the company. Jpmorgan Chase & last reported 0% of its portfolio in the stock. Proshare Advisors Ltd Llc holds 8,664 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 14 insider sales for $6.66 million net activity. 5,000 shares were sold by CARTER BRIAN N, worth $203,645. $1.54 million worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by BATRACK DAN L. 16,750 Tetra Tech, Inc. (NASDAQ:TTEK) shares with value of $523,138 were sold by BURDICK STEVEN M. 8,000 shares were sold by THOMPSON J KENNETH, worth $262,038. On Wednesday, June 8 the insider TRULY RICHARD H sold $247,945. On Tuesday, August 23 CHRISTENSEN CRAIG L sold $586,250 worth of the stock or 16,750 shares. On Thursday, July 21 the insider SALIN JANIS B sold $536,000.
More recent Tetra Tech, Inc. (NASDAQ:TTEK) news were published by: Streetinsider.com which released: “Form 4 TETRA TECH INC For: Nov 18 Filed by: LEMMON RICHARD A” on November 23, 2016. Also Prnewswire.com published the news titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Tetra Tech …” on September 21, 2016. Businesswire.com‘s news article titled: “Tetra Tech Expands Water Data Management Services with Acquisition of INDUS …” with publication date: March 14, 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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