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 $63.65.
Sullivan wrote:
“We increase our $2.97 (from $2.90), FY20 to $3.28 (from $3.22) and FY21 to $3.39 (from $3.35) after TTEK reported F2Q19 operating EPS of $0.70, up 30% y/y, above our $0.64 estimate and the $0.63 consensus.”
According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 3.7% and a 66.0% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Aegion.
Tetra Tech has an analyst consensus of Moderate Buy, with a price target consensus of $87.
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Based on Tetra Tech’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $42 million. In comparison, last year the company had a net profit of $28.73 million.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Kenneth J. Thompson, a Director at TTEK sold 8,000 shares for a total of $480,000.
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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).
