Maxim Group Sticks to Their Buy Rating for Tetra Tech (TTEK)

By Ryan Adsit

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Tetra Tech (TTEKResearch Report), with a price target of $87. The company’s shares closed yesterday at $63.72.

Sullivan commented:

“We increase our F2Q19 net revenue (revenue less subcontractor costs) forecast to $551 million from $530 million, and our Exponent (EXPO – Not Rated) reported quarterly results last Thursday after the market close.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.2% and a 65.3% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Aegion.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Tetra Tech with a $77.67 average price target.

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The company has a one-year high of $72.56 and a one-year low of $46.30. Currently, Tetra Tech has an average volume of 333.1K.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Last month, 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).