After Maxim Group and Roth Capital gave Tetra Tech (NASDAQ: TTEK) a Buy rating last month, the company received another Buy, this time from Boenning & Scattergood. Analyst Ryan Connors reiterated a Buy rating on Tetra Tech today and set a price target of $80. The company’s shares closed yesterday at $50.37.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 5.7% and a 58.2% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tetra Tech with a $75.40 average price target, representing a 49.7% upside. In a report issued on January 16, Maxim Group also maintained a Buy rating on the stock with a $87 price target.
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Tetra Tech’s market cap is currently $2.79B and has a P/E ratio of 20.80. The company has a Price to Book ratio of 2.88.
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).
