Key Highlights:
- Tetra Tech secures an engineering contract in Oklahoma, boosting potential growth.
- Analysts predict a substantial upside for Tetra Tech shares, with a bullish consensus rating.
- GuruFocus estimates suggest a promising outlook for Tetra Tech's stock value.
Tetra Tech (TTEK, Financial), a leader in engineering and consulting services, has secured a significant contract with the City of Bartlesville, Oklahoma. This pivotal project involves the state's first approved indirect potable reuse initiative, which aims to boost the capacity of the Chickasaw Wastewater Treatment Plant by 15%. Following this announcement, TTEK shares experienced a modest increase of 0.55%, closing at $30.015.
Wall Street Analysts Forecast
Analysts have shown optimism towards Tetra Tech Inc (TTEK, Financial), with price targets from five analysts averaging at $39.00. This represents a potential upside of 30.59% from the current trading price of $29.87. The highest price target stands at $49.00, while the lowest is $31.00. For a more comprehensive analysis, visit the Tetra Tech Inc (TTEK) Forecast page.
The company's performance has been evaluated by seven brokerage firms, resulting in an average recommendation rating of 2.1, which falls under the "Outperform" category. On the rating scale, a score of 1 denotes a Strong Buy, while a score of 5 indicates a Sell.
Tetra Tech's Valuation Insights
According to GuruFocus's proprietary metrics, the estimated GF Value for Tetra Tech Inc (TTEK, Financial) is projected at $37.10 over the next year. This suggests an upside of 24.23% from the current stock price of $29.865. The GF Value is determined by analyzing historical trading multiples, past business growth, and future performance projections. Investors can find a deeper dive into these estimates on the Tetra Tech Inc (TTEK) Summary page.
