Stock Rating Upgrade
The Value Trend Rating for Tetra Tech Inc (NASDAQ: TTEK) rose significantly of late from C to A reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Tetra Tech Inc (NASDAQ: TTEK) stock closed at $46.40 on 9/10/24 after an increase of 1.8%. However, below average trading volume at 82% of normal accompanied the advance. The stock has declined -80.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
TTEK is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tetra Tech has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Tetra Tech has a good Appreciation Score of 84 and a very high Power Rating of 94, resulting in the Highest Value Trend Rating.
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