.png "Tetra Tech (NASDAQ: TTEK)")
In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on Tetra Tech (TTEK), with a price target of $87. The company’s shares closed yesterday at $50.37.
Sullivan observed:
“We are increasing our after TTEK reported above our $0.61 forecast, the $0.62 consensus and guidance of $0.60-$0.65.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 2.4% and a 53.6% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Aegion.
Currently, the analyst consensus on Tetra Tech is a Moderate Buy with an average price target of $75.40, representing a 49.7% upside. In a report issued on January 29, Roth Capital also reiterated a Buy rating on the stock with a $66 price target.
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Based on Tetra Tech’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $28.8 million. In comparison, last year the company had a net profit of $46.03 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock.
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Tetra Tech, Inc. engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM).
