Tetra Tech Inc. (TTEK) stock: 12-month forecast projects 18.63% potential return%

A share price of Tetra Tech Inc. [TTEK] is currently trading at $160.67, up 0.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TTEK shares have gain 3.85% over the last week, with a monthly amount glided 2.14%, and seem to be holding up well over a long-time horizon.

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On 22, August 2023, Tetra Tech Wins $22 Million (AUD) Flotation Energy Offshore Wind Marine Baseline Survey Project. In a post published today on Yahoo Finance, Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced that Flotation Energy has awarded the Company a $22 million (AUD), three-year contract to assess marine environmental conditions in support of the development of the Seadragon offshore wind project in Victoria, Australia.

From an analyst’s perspective:

Tetra Tech Inc. experienced fluctuations in its stock price throughout the past year between $122.86 and $173.27. Currently, Wall Street analysts expect the stock to reach $190.60 within the next 12 months. Tetra Tech Inc. [NASDAQ: TTEK] shares were valued at $160.67 at the most recent close of the market. An investor can expect a potential return of 18.63% based on the average TTEK price forecast.

Analyzing the TTEK fundamentals

During the last quarter, Tetra Tech Inc. [NASDAQ:TTEK] saw sales of 1.21 billion, an improvement of 37.10%. A company’s income per employee is $12,530 while it generates $166,859 in revenue per employee. Gross Margin for this corporation currently stands at +16.43% with Operating Margin at +9.73%, Pretax Margin comes in at +9.95%, and Net Margin reading is +7.51%. To continue investigating profitability, this company’s Return on Assets is posted at 10.12, Equity is 21.77, Total Capital is 20.44, and Invested Capital is 16.53. An extended look at the Principal structure reveals enduring liabilities to the total capital of 28.12 and enduring liabilities to assets of 17.65.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 158.20 points at the first support level, and at 155.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.33, and for the 2nd resistance point, it is at 165.99.

Ratios To Look Out For

A current ratio of 1.20 is a noteworthy aspect of Tetra Tech Inc. [NASDAQ:TTEK]. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.20. Considering the valuation of this stock, the price to sales ratio is 1.99, the price to book ratio is 5.76 and the P/E (TTM) ratio is 28.45.

Transactions by insiders

Recent insider trading involved BATRACK DAN L, CHIEF EXECUTIVE OFFICER, that happened on Nov 18 when 15000.0 shares were sold. Director, THOMPSON J KENNETH completed a deal on Jun 13 to sell 2500.0 shares. Meanwhile, SVP, Corporate Controller CARTER BRIAN N sold 2234.0 shares on Jun 07.