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

Tetra Tech (NASDAQ:TTEK) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. KeyCorp boosted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price target (up previously from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Finally, National Bank Financial started coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.20.

Tetra Tech Trading Down 6.1%

Shares of NASDAQ TTEK opened at $33.05 on Friday. Tetra Tech has a 1-year low of $27.27 and a 1-year high of $43.50. The company has a 50-day moving average of $33.83 and a two-hundred day moving average of $35.31. The company has a market cap of $8.68 billion, a PE ratio of 41.31 and a beta of 0.96. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.38 earnings per share. Tetra Tech’s revenue for the quarter was up 1.6% compared to the same quarter last year. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. As a group, equities analysts expect that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bfsg LLC acquired a new stake in Tetra Tech in the third quarter worth $25,000. Financial Consulate Inc. acquired a new position in shares of Tetra Tech in the 3rd quarter valued at $26,000. Baillie Gifford & Co. bought a new stake in shares of Tetra Tech in the 1st quarter valued at $27,000. Root Financial Partners LLC acquired a new stake in Tetra Tech during the 3rd quarter worth $30,000. Finally, MAI Capital Management raised its stake in Tetra Tech by 68.1% during the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after buying an additional 344 shares during the period. Institutional investors own 93.89% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.