Canaccord Genuity Believes Tetra Tech (TTEK) Still Has Room to Grow


In a report released yesterday, Robert Burleson from Canaccord Genuity maintained a Buy rating on Tetra Tech (NASDAQ: TTEK), with a price target of $73. The company’s shares opened today at $68.85, close to its 52-week high of $70.75.

Burleson said:

“We maintain our BUY rating and $73 price target for TTEK.”

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 13.3% and a 60.1% success rate. Burleson covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Faro Technologies, and Nano Dimension.

Currently, the analyst consensus on Tetra Tech is a Moderate Buy with an average price target of $68.40, representing a -0.7% downside. In a report issued on August 2, Boenning & Scattergood also maintained a Buy rating on the stock with a $65 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $70.75 and a one-year low of $39.95. Currently, Tetra Tech has an average volume of 249K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tetra Tech, Inc. engages in the provision of consulting and engineering services. It operates through the following segments: Water, Environment and Infrastructure (WEI); Resource Management and Energy (RME); and Remediation and Construction Management (RCM).

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts