Tetra Tech share price target raised by Baird on strong growthoutlook
| TTEK Stock | USD 35.42 0.03 0.08% |
About 54% of Tetra Tech's investor base is interested to short. The analysis of overall sentiment of trading Tetra Tech stock suggests that many investors are impartial at this time. Tetra Tech's investing sentiment shows overall attitude of investors towards Tetra Tech.
Tetra Tech share price target raised by Baird on strong growthoutlook
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Tetra Tech Fundamental Analysis
We analyze Tetra Tech's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tetra Tech using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tetra Tech based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
Tetra Tech is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Tetra Tech Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tetra Tech stock to make a market-neutral strategy. Peer analysis of Tetra Tech could also be used in its relative valuation, which is a method of valuing Tetra Tech by comparing valuation metrics with similar companies.
Peers
Tetra Tech Related Equities
| FLR | Fluor | 9.21 | ||||
| MTZ | MasTec | 1.11 | ||||
| KBR | KBR | 0.52 | ||||
| DY | Dycom Industries | 0.44 | ||||
| J | Jacobs Solutions | 0.40 | ||||
| BLD | Topbuild Corp | 0.32 | ||||
| GVA | Granite Construction | 0.19 | ||||
| FIX | Comfort Systems | 0.65 | ||||
| APG | Api Group | 0.82 | ||||
| EME | EMCOR | 1.18 | ||||
| ROAD | Construction Partners | 1.22 | ||||
| MYRG | MYR | 2.33 | ||||
| PRIM | Primoris Services | 6.42 |
Check out Tetra Tech Hype Analysis, Tetra Tech Correlation and Tetra Tech Performance. For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tetra Tech. If investors know Tetra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tetra Tech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Tetra Tech is measured differently than its book value, which is the value of Tetra that is recorded on the company's balance sheet. Investors also form their own opinion of Tetra Tech's value that differs from its market value or its book value, called intrinsic value, which is Tetra Tech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tetra Tech's market value can be influenced by many factors that don't directly affect Tetra Tech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tetra Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tetra Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tetra Tech's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.