Tetra Tech, Inc. (TTEK, Financial) has secured a significant contract with the City of Bartlesville, Oklahoma, to advance the region's water management capabilities. The company will be responsible for providing comprehensive engineering design and technical services for the state's inaugural indirect potable reuse (IPR) initiative.
This project is set to enhance the Chickasaw Wastewater Treatment Plant. Tetra Tech's role includes developing advanced treatment processes aimed at increasing the facility's capacity to manage wastewater effectively. The primary focus is to enable the recapture of treated water during periods of severe drought, ensuring a more sustainable water supply for the community.
With this initiative, Tetra Tech aims to implement cutting-edge solutions that not only address current water scarcity challenges but also build resilience against future environmental pressures.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Tetra Tech Inc (TTEK, Financial) is $39.00 with a high estimate of $49.00 and a low estimate of $31.00. The average target implies an upside of 30.65% from the current price of $29.85. More detailed estimate data can be found on the Tetra Tech Inc (TTEK) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Tetra Tech Inc's (TTEK, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tetra Tech Inc (TTEK, Financial) in one year is $37.10, suggesting a upside of 24.29% from the current price of $29.85. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tetra Tech Inc (TTEK) Summary page.
