“We reiterate our Outperform rating for TTEK; our $80 target price reflects a forward P/E of 24.3 times, a ~10% premium to the water infrastructure peer group average of 22.5 times that we believe is justified by the company’s top-flight competitive position and robust growth outlook.”
According to TipRanks.com, Connors is a 4-star analyst with an average return of 6.3% and a 64.0% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
Currently, the analyst consensus on Tetra Tech is a Moderate Buy with an average price target of $77.75.
The company has a one-year high of $72.56 and a one-year low of $44.65. Currently, Tetra Tech has an average volume of 279.8K.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.
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).