Canaccord Genuity Believes Tetra Tech (NASDAQ: TTEK) Still Has Room to Grow

By Austin Angelo

In a report released yesterday, Robert Burleson from Canaccord Genuity reiterated a Buy rating on Tetra Tech (NASDAQ: TTEK), with a price target of $52. The company’s shares closed yesterday at $46.10, close to its 52-week high of $47.75.

According to TipRanks.com, Burleson is a 5-star analyst with an average return of 12.2% and a 56.7% success rate. Burleson covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Mitel Networks Corp.

Tetra Tech has an analyst consensus of Moderate Buy, with a price target consensus of $51.33.

Tetra Tech’s market cap is currently $2.64B and has a P/E ratio of 24.39. The company has a book value ratio of 2.9213.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Last month, Leslie Shoemaker, the EVP of TTEK sold 16,750 shares for a total of $771,003.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tetra Tech, Inc. provides consulting, engineering, program management, construction management, and technical services. The company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. The company operates through following segments: Water, Environment and Infrastructure, Resource Management and Energy, and Remediation & Construction Management. The Water, Environment and Infrastructure segment provides consulting and engineering services worldwide for a broad range of water and infrastructure-related needs in both developed and emerging economies. The Resource Management and Energy segment provides consulting and engineering services worldwide for a broad range of resource management and energy needs. The Remediation & Construction Management segment provides program management and construction services, including design-build and design-bid-build services, for environmental remediation, infrastructure, heavy civil, military transformation, ports and harbors, energy, and communications projects. The company was founded in 1966 and is headquartered in Pasadena, CA.