Maxim Group analyst Tate Sullivan maintained a Buy rating on Tetra Tech (TTEK) today and set a price target of $87. The company’s shares opened today at $60.69.
Sullivan commented:
“A Nuclear Regulatory Commission (NRC) review board recommended last week the rejection of a petition from an environmental group to revoke TTEK’s license to work on nuclear projects.”
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 9.0% and a 73.5% 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 Strong Buy with an average price target of $77.67.
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Tetra Tech’s market cap is currently $3.35B and has a P/E ratio of 25.74. The company has a Price to Book ratio of 3.52.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. Last month, Hugh M. Grant, a Director at TTEK sold 8,000 shares for a total of $472,000.
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: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM).
