Canaccord Genuity Initiates Coverage on Tetra Tech to Hold

Canaccord Genuity Initiates Coverage on Tetra Tech(NASDAQ:TTEK). The shares have been rated Hold. The rating by Canaccord Genuity was issued on Apr 11, 2016.

Tetra Tech (TTEK) made into the market gainers list on Fridays trading session with the shares advancing 0.20% or 0.06 points. Due to strong positive momentum, the stock ended at $29.96, which is also near the day’s high of $30. The stock began the session at $29.79 and the volume stood at 2,12,639 shares. The 52-week high of the shares is $30.13 and the 52 week low is $22.85. The company has a current market capitalization of $1,756 M and it has 5,86,24,247 shares in outstanding.

Tetra Tech(TTEK) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $420.96M. Analysts had an estimated revenue of $418.29M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.39.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2016, William R Brownlie (SVP) sold 6,856 shares at $28.00 per share price.Also, On Feb 2, 2016, Hugh M Grant (director) sold 8,000 shares at $26.58 per share price.On Feb 2, 2016, J Christopher Lewis (director) sold 5,495 shares at $26.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Tetra Tech Inc. is a provider of consulting engineering program management construction management and technical services focusing on natural resource management infrastructure energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water natural resources environmental services infrastructure and energy. Its solutions span the entire life cycle of the project and include applied science research and technology engineering design construction management construction operations and maintenance and information technology. The Company operates through four segments: Engineering and Consulting Services (ECS) Technical Support Services (TSS) Engineering and Architecture Services (EAS) and Remediation and Construction Management (RCM).

Leave a Reply

Tetra Tech - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tetra Tech. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.