Tetra Tech (TTEK) Stock Hold Rating Reaffirmed at Stifel Nicolaus; The TP is Set to $53; Ladenburg Thalmann Financial Services (NYSEAMERICAN:LTS) Sellers Decreased By 0.64% Their Shorts

April 2, 2018 - By John Hoffman

Tetra Tech, Inc. (NASDAQ:TTEK) Logo

Ladenburg Thalmann Financial Services Inc (NYSEAMERICAN:LTS) had a decrease of 0.64% in short interest. LTS’s SI was 2.66 million shares in April as released by FINRA. Its down 0.64% from 2.68 million shares previously. With 114,900 avg volume, 23 days are for Ladenburg Thalmann Financial Services Inc (NYSEAMERICAN:LTS)’s short sellers to cover LTS’s short positions. The SI to Ladenburg Thalmann Financial Services Inc’s float is 2.69%. The stock increased 1.24% or $0.04 during the last trading session, reaching $3.27. About 239,801 shares traded or 17.81% up from the average. Ladenburg Thalmann Financial Services Inc. (NYSEAMERICAN:LTS) has risen 33.06% since April 2, 2017 and is uptrending. It has outperformed by 21.51% the S&P500.

In a research note issued to clients and investors on today, Stifel Nicolaus reaffirmed their Hold rating on Tetra Tech (NASDAQ:TTEK)‘s stock. The PT would suggest a potential upside of 8.27% from company’s last stock price.

Ladenburg Thalmann Financial Services Inc., a diversified financial services company, provides brokerage and advisory, investment banking and research, institutional sales and trading, asset management, life insurance brokerage, and trust services in the United States. The company has market cap of $654.93 million. The Company’s Independent Brokerage and Advisory Services segment offers securities brokerage and advisory services for clients, including mutual funds, variable and fixed annuities, and advisor managed accounts; and brokerage support services, such as access to stock, bond, and options execution; products comprising insurance, mutual funds, unit trusts, and investment advisory programs; and research, compliance, supervision, accounting, and related services. It currently has negative earnings. This segment also provides trust administration of personal and retirement accounts, estate and financial planning, wealth management, and custody services.

Among 13 analysts covering TETRA Tech (NASDAQ:TTEK), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. TETRA Tech has $59.0 highest and $12.0 lowest target. $42.70’s average target is -12.77% below currents $48.95 stock price. TETRA Tech had 33 analyst reports since November 9, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of TTEK in report on Thursday, October 5 with “Hold” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, March 29. As per Thursday, October 19, the company rating was maintained by Canaccord Genuity. The rating was initiated by Sidoti on Tuesday, April 19 with “Buy”. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Buy” rating given on Tuesday, June 6 by Canaccord Genuity. The firm earned “Mkt Perform” rating on Friday, July 29 by FBR Capital. The firm has “Hold” rating by Stifel Nicolaus given on Sunday, August 6. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Hold” rating given on Thursday, September 7 by Stifel Nicolaus. The stock of Tetra Tech, Inc. (NASDAQ:TTEK) has “Neutral” rating given on Friday, November 10 by Robert W. Baird. On Monday, April 18 the stock rating was downgraded by Oppenheimer to “Perform”.

Since October 24, 2017, it had 0 buys, and 19 sales for $14.64 million activity. 15,089 shares valued at $770,837 were sold by LEMMON RICHARD A on Friday, March 16. MCDONALD KEVIN P had sold 5,500 shares worth $277,411 on Monday, February 5. $865,412 worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by BURDICK STEVEN M. $220,762 worth of stock was sold by HADEN PATRICK C on Friday, February 23. $3.03 million worth of Tetra Tech, Inc. (NASDAQ:TTEK) shares were sold by BATRACK DAN L. Another trade for 14,112 shares valued at $705,600 was made by CHU RONALD J on Tuesday, October 24. LEWIS J CHRISTOPHER had sold 8,000 shares worth $399,267 on Monday, February 5.

Tetra Tech, Inc. provides consulting and engineering services worldwide. The company has market cap of $2.73 billion. It operates through two divisions, Water, Environment and Infrastructure ; and Resource Management and Energy (RME). It has a 20.51 P/E ratio. The WEI segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction management, and activities and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.

Analysts await Tetra Tech, Inc. (NASDAQ:TTEK) to report earnings on May, 2. They expect $0.52 EPS, up 8.33% or $0.04 from last year’s $0.48 per share. TTEK’s profit will be $29.04M for 23.53 P/E if the $0.52 EPS becomes a reality. After $0.65 actual EPS reported by Tetra Tech, Inc. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

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