Analysts Offer Insights on Services Companies: Tetra Tech (NASDAQ: TTEK) and Wageworks Inc. (NYSE: WAGE)

By Carrie Williams

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Tetra Tech (NASDAQ: TTEK) and Wageworks Inc. (NYSE: WAGE).

Tetra Tech (NASDAQ: TTEK)

In a report released today, John B. Rogers from D.A. Davidson reiterated a Hold rating on Tetra Tech (NASDAQ: TTEK), with a price target of $35. The company’s shares opened today at $38.75, close to its 52-week high of $39.80.

According to TipRanks.com, Rogers is a 3-star analyst with an average return of 0.8% and a 52.9% success rate. Rogers covers the Industrial Goods sector, focusing on stocks such as Granite Construction Inc., Great Lakes Dredge & Dock, and Layne Christensen Company.

Currently, the analyst consensus on Tetra Tech is Moderate Buy and the average price target is $35, representing a -9.7% downside.

In a report released yesterday, Oppenheimer also assigned a Hold rating to the stock.
Wageworks Inc. (NYSE: WAGE)

In a report released today, David Scharf from JMP Securities reiterated a Buy rating on Wageworks Inc. (NYSE: WAGE). The company’s shares opened today at $68.60, close to its 52-week high of $71.65.

According to TipRanks.com, Scharf is a 1-star analyst with an average return of -2.1% and a 53.3% success rate. Scharf covers the Financial sector, focusing on stocks such as Consumer Portfolio Services, Discover Financial Services, and Credit Acceptance Corp.

Currently, the analyst consensus on Wageworks Inc. is Strong Buy and the average price target is $71.50, representing a 4.2% upside.

In a report issued on November 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $69 price target.