While Tetra Tech, Inc has underperformed by -2.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TTEK rose by 12.01%, with highs and lows ranging from $51.20 to $31.61, whereas the simple moving average fell by -15.64% in the last 200 days.
On May 16, 2024, Maxim Group Reiterated Tetra Tech, Inc (NASDAQ: TTEK) to Buy. A report published by Northcoast on May 02, 2024, Upgraded its rating to ‘Buy’ for TTEK. KeyBanc Capital Markets also rated TTEK shares as ‘Overweight’, setting a target price of $191 on the company’s shares in an initiating report dated January 10, 2024. RBC Capital Mkts initiated its ‘Outperform’ rating for TTEK, as published in its report on August 28, 2023. Northcoast also rated the stock as ‘Neutral’.
Analysis of Tetra Tech, Inc (TTEK)
It’s important to note that TTEK shareholders are currently getting $0.90 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 15.66%, showing a positive trend in the upcoming months.
Tetra Tech, Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 16.05% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.25, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and TTEK is registering an average volume of 2.37M. On a monthly basis, the volatility of the stock is set at 3.37%, whereas on a weekly basis, it is put at 6.54%, with a loss of -7.14% over the past seven days. Furthermore, long-term investors anticipate a median target price of $45.83, showing growth from the present price of $36.57, which can serve as yet another indication of whether TTEK is worth investing in or should be passed over.
How Do You Analyze Tetra Tech, Inc Shares?
A giant in the Engineering & Construction market, Tetra Tech, Inc (TTEK) is based in the USA. When comparing Tetra Tech, Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 38.28, there is a growth in quarterly earnings of -100.00%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.22% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TTEK shares are owned by institutional investors to the tune of 89.22% at present.
