Tetra Tech (TTEK) is Initiated by Sidoti to Buy, Price Target at $40

Tetra Tech (TTEK) was Initiated by Sidoti to “Buy” and the brokerage firm has set the Price Target at $40. Sidoti advised their investors in a research report released on Apr 19, 2016.

Many Wall Street Analysts have commented on Tetra Tech. Canaccord Genuity Initiated Tetra Tech on Apr 12, 2016 to “Hold”, Price Target of the shares are set at $30.Company shares were Reiterated by Wedbush on Jan 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 31 from a previous price target of $30 .Company shares were Reiterated by Oppenheimer on Jan 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .

On the company’s financial health, Tetra Tech reported $0.39 EPS for the quarter, based on the information available during the earnings call on Jan 27, 2016. Analyst had a consensus estimate of $0.39. The company had revenue of $421.00 million for the quarter, compared to analysts expectations of $418.29 million. The company’s revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 EPS.

Tetra Tech opened for trading at $29.32 and hit $30.19 on the upside on Monday, eventually ending the session at $30.07, with a gain of 0.37% or 0.11 points. The heightened volatility saw the trading volume jump to 4,49,389 shares. Company has a market cap of $1,763 M.

In a different news, on Mar 2, 2016, William R Brownlie (SVP) sold 6,856 shares at $28.00 per share price. According to the SEC, 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).

Tetra Tech

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