In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on Tetra Tech (NASDAQ: TTEK), with a price target of $65. The company’s shares closed yesterday at $48.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.4% and a 64.7% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Franklin Electric Co.
Tetra Tech has an analyst consensus of Moderate Buy, with a price target consensus of $59.
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Based on Tetra Tech’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $760 million and quarterly net profit of $46.03 million. In comparison, last year the company earned revenue of $664 million and had a net profit of $26.86 million.
Based on the recent corporate insider activity of 120 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Kevin Mcdonald, the SVP, CORPORATE HUMAN RESOURCES of TTEK sold 16,750 shares for a total of $853,748.
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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).
