There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Trecora Resources (NYSE:TREC) and Tetra Tech (NASDAQ:TTEK) with bullish sentiments.
Trecora Resources (TREC)
Roth Capital analyst Joseph Reagor reiterated a Buy rating on Trecora Resources yesterday and set a price target of $15. The company’s shares opened today at $13.20.
According to TipRanks.com, Reagor is a 4-star analyst with an average return of 8.8% and a 40.8% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Energy Fuels Inc, MAG Silver Corp, and Seabridge Gold.
Trecora Resources has an analyst consensus of Moderate Buy, with a price target consensus of $15.
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Tetra Tech (TTEK)
In a report released today, Gerry Sweeney from Roth Capital reiterated a Buy rating on Tetra Tech, with a price target of $73. The company’s shares opened today at $66.10, close to its 52-week high of $66.90.
Sweeney has an average return of 24.8% when recommending Tetra Tech.
According to TipRanks.com, Sweeney is ranked #1377 out of 4853 analysts.
Currently, the analyst consensus on Tetra Tech is a Strong Buy with an average price target of $68.50, implying a 3.6% upside from current levels. In a report released yesterday, Boenning & Scattergood also maintained a Buy rating on the stock with a $65 price target.
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