Tetra Tech (NASDAQ:TTEK) Raised to “Buy” at Wall Street Zen

by · The Cerbat Gem

Tetra Tech (NASDAQ:TTEK – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on TTEK. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. National Bank Financial dropped their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday. Finally, Royal Bank Of Canada reduced their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.25.

Get Our Latest Stock Analysis on Tetra Tech

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $33.16 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.18. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market cap of $8.61 billion, a PE ratio of 19.98 and a beta of 0.90. The business has a 50 day moving average price of $29.52 and a 200-day moving average price of $32.03.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Equities research analysts predict that Tetra Tech will post 1.58 earnings per share for the current year.

Insider Activity

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TTEK. First Horizon Corp raised its position in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd purchased a new stake in Tetra Tech in the first quarter worth $34,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in Tetra Tech in the first quarter worth $35,000. Finally, Geneos Wealth Management Inc. raised its holdings in Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Company Profile

(Get Free Report)

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.

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