Boenning & Scattergood Reaffirms Their Buy Rating on Tetra Tech (TTEK)

By Jason Carr

In a report released today, Ryan Connors from Boenning & Scattergood reiterated a Buy rating on Tetra Tech (TTEKResearch Report), with a price target of $80. The company’s shares opened today at $65.07.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.6% and a 68.5% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tetra Tech with a $83.50 average price target, a 28.3% upside from current levels. In a report issued on April 23, Maxim Group also maintained a Buy rating on the stock with a $87 price target.

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Based on Tetra Tech’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $42 million. In comparison, last year the company had a net profit of $28.73 million.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2019, Kenneth J. Thompson, a Director at TTEK sold 8,000 shares for a total of $480,000.

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. engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM).