Tetra Tech, Inc. (NASDAQ:TTEK) Receives $49.32 Consensus Target Price from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.32.

TTEK has been the topic of several recent research reports. KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reissued an "outperform" rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. Robert W. Baird raised their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, StockNews.com lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Tetra Tech by 561.3% during the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company's stock worth $44,000 after acquiring an additional 174 shares during the period. Quarry LP acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $54,000. Allworth Financial LP boosted its stake in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 472 shares during the period. LGT Financial Advisors LLC increased its position in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock worth $26,000 after buying an additional 444 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Tetra Tech during the second quarter worth approximately $123,000. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Down 2.6 %

NASDAQ:TTEK traded down $1.01 during mid-day trading on Friday, hitting $38.37. The company had a trading volume of 8,225,952 shares, compared to its average volume of 1,157,933. Tetra Tech has a 1 year low of $31.61 and a 1 year high of $51.20. The business has a fifty day simple moving average of $41.06 and a 200-day simple moving average of $44.30. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 31.14 and a beta of 0.90.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, November 27th. Tetra Tech's dividend payout ratio is currently 18.67%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.