Tetra Tech (NASDAQ:TTEK) Stock Gets Price Target Increase from KeyCorp

Key Points

• KeyCorp raised its price target on Tetra Tech to $42 from $41 and maintained an “overweight” rating, implying 6.52% upside from the prior close.
• Tetra Tech reported quarterly EPS of $0.49, beating the $0.47 consensus, while revenue reached $1.34 billion and grew 15.2% year over year.
• Analyst views are mixed: MarketBeat data shows a “Moderate Buy” consensus and an average price target of $40.25, alongside recent target increases and cuts.

Tetra Tech (NASDAQ:TTEK - Get Free Report) had its price target lifted by investment analysts at KeyCorp from $41.00 to $42.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the industrial products company's stock. KeyCorp's price objective indicates a potential upside of 6.52% from the stock's previous close.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada lowered their price target on Tetra Tech from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 27th. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Finally, Robert W. Baird upped their price objective on shares of Tetra Tech from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.25.

Tetra Tech Stock Up 4.8%

Tetra Tech stock opened at $39.43 on Friday. The company has a market capitalization of $10.10 billion, a P/E ratio of 23.33 and a beta of 0.86. The firm's fifty day simple moving average is $36.01 and its 200-day simple moving average is $33.26. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech has a 1-year low of $25.81 and a 1-year high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 11th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.15 billion. Tetra Tech had a net margin of 8.67% and a return on equity of 22.46%. Tetra Tech's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. Sell-side analysts forecast that Tetra Tech will post 1.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Energy Income Partners LLC acquired a new position in shares of Tetra Tech during the second quarter valued at about $68,512,000. Bank of America Corp DE acquired a new stake in Tetra Tech during the second quarter worth about $57,135,000. Corient Private Wealth LP bought a new position in Tetra Tech during the second quarter valued at about $44,964,000. Neumeier Poma Investment Counsel LLC bought a new position in Tetra Tech during the second quarter valued at about $43,750,380. Finally, Legal & General Group Plc acquired a new position in Tetra Tech in the 2nd quarter valued at approximately $27,327,000. Institutional investors own 93.89% of the company's stock.

More Tetra Tech News

These are some of the TTEK news items that stood out recently:

• Positive Sentiment: Fourth-quarter adjusted EPS of $0.49 beat the $0.47 consensus. Revenue was $1.34 billion, and net revenue rose 5% year over year to $1.15 billion. Tetra Tech reports strong fourth-quarter and fiscal-year results
• Positive Sentiment: Investors also have a demand signal in the $4.67 billion funded backlog and more than $1.6 billion of new orders. Baird raised its price target to $40 from $37, while maintaining a neutral rating. Tetra Tech backlog hits $4.67 billion as new orders exceed $1.6 billion
• Neutral Sentiment: Fiscal 2027 EPS guidance of $1.65–$1.80 and revenue guidance of $4.4–$4.6 billion bracket consensus estimates of $1.72 and $4.5 billion, respectively. The low ends are below forecasts, though the ranges overall are close to expectations. Tetra Tech reports strong fourth-quarter and fiscal-year results

Tetra Tech Company Profile

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.

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