Tetra Tech, Inc [TTEK] stock prices are down -1.15% to $40.30 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TTEK shares have lost -3.47% over the last week, with a monthly amount drifted -1.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tetra Tech, Inc [NASDAQ: TTEK] stock has seen the most recent analyst activity on May 16, 2024, when Maxim Group reiterated its Buy rating and also boosted its price target to $268 from $234. Previously, Northcoast upgraded its rating to Buy on May 02, 2024, and kept the price target unchanged to $225. On January 10, 2024, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $191 on the stock. William Blair started tracking the stock assigning a Outperform rating. RBC Capital Mkts initiated its recommendation with a Outperform and recommended $181 as its price target on August 28, 2023. KeyBanc Capital Markets upgraded its rating to Overweight for this stock on January 17, 2023. In a note dated July 15, 2022, Northcoast initiated an Neutral rating.
The stock price of Tetra Tech, Inc [TTEK] has been fluctuating between $31.61 and $51.20 over the past year. Currently, Wall Street analysts expect the stock to reach $48 within the next 12 months. Tetra Tech, Inc [NASDAQ: TTEK] shares were valued at $40.30 at the most recent close of the market. An investor can expect a potential return of 19.11% based on the average TTEK price forecast.
Analyzing the TTEK fundamentals
The Tetra Tech, Inc [NASDAQ:TTEK] reported sales of 5.20B for trailing twelve months, representing a surge of 9.03%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.2 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
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 39.71 points at the first support level, and at 39.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.20, and for the 2nd resistance point, it is at 42.11.
Ratios To Look Out For
It’s worth pointing out that Tetra Tech, Inc [NASDAQ:TTEK]’s Current Ratio is 1.25. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 5.89 and price to earnings (TTM) ratio is 32.65.
Transactions by insiders
Recent insider trading involved BURDICK STEVEN M, EVP, CFO, that happened on Sep 11 ’24 when 36830.0 shares were sold. Director, Ritrievi Kimberly E completed a deal on Sep 11 ’24 to sell 6500.0 shares. Meanwhile, EVP, Chief Sustainability SHOEMAKER LESLIE L sold 78420.0 shares on Sep 10 ’24.
