New York: TETRA Tech (NYSE:TTI) Rating Lowered to Sector Perform by Analysts at Scotia Howard Weil. Lost Its Sector Outperform Rating

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TETRA Tech (NYSE:TTI) Rating Downgrade

In a report made public today, Scotia Howard Weil decreased shares of TETRA Tech (NYSE:TTI) to Sector Perform rating from Sector Outperform rating.

In spite of this rating downgrade NYSE:TTI is now trading 1.86% higher at $4.39 as of 8:04 AM New York time. TETRA Tech’s stock is 0% over the past 200 days. It has underperformed the S&P 500 Index, which has increased 6.00% over the same time period.

According to data compiled by Thomson Reuters, TETRA Tech (NYSE:TTI)’s stock is covered by 11 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $7.86, which reflects an upside potential of 79.04% over the current price.

Institutional Ownership

Adirondack Research & Management Inc. had the most significant stake with ownership of 498,416 shares as of Q2 2015 for 1.1% of the US long equity exposure. Bronson Point Management Llc is another bullish active investment manager who is possessing 439,500 shares of TETRA Tech or 0.81% of their US long equity exposure. Further, Wealthtrust Axiom Llc have 0.55% of their US long equity exposure invested in the company for 241,458 shares. The California-based fund Fuller & Thaler Asset Management Inc. revealed it had bought so far a stake worth about 0.43% of the active investment manager’s stock portfolio in TETRA Tech. The Missouri-based fund Piermont Capital Management Inc. is also positive about the stock, possessing 4.25 million shares or 0.4% of their US long equity exposure.

TETRA Tech (NYSE:TTI) Profile

TETRA Technologies, Inc. is an oil and gas services company. The Company focuses on completion fluids and associated products and services, water management, production well testing, offshore rig cooling, compression services and equipment, and offshore services, such as decommissioning and diving. It is composed of five segments organized into four divisions: Fluids, Production Testing, Compression and Offshore.

TETRA Tech (NYSE:TTI) traded up 1.86% on 12 January, hitting $4.39. A total of 1.02 million shares of the company’s stock traded hands. This is down from average of 1.09 million shares. TETRA Tech has a 52 week low of $1.85 and a 52 week high of $5.09. The company has a market cap of $508.75 million and a P/E ratio of 0.

Get the latest TETRA Tech (NYSE:TTI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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