Tetra Tech (NASDAQ:TTEK) Stock Rating Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Tetra Tech to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy” with a $39.00 price target.
• Tetra Tech reported quarterly EPS of $0.42, exceeding the $0.40 estimate, while revenue reached $1.31 billion versus the $1.08 billion consensus; revenue nevertheless declined 4.4% year over year.
• The stock opened at $34.72, below the consensus price target, and institutional investors own a substantial 93.89% of outstanding shares.

Tetra Tech (NASDAQ:TTEK - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. National Bank Financial reduced their price target on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada decreased their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Thursday. KeyCorp reiterated an "overweight" rating and issued a $41.00 target price (down from $43.00) on shares of Tetra Tech in a research note on Thursday. Finally, Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Tetra Tech Price Performance

Shares of TTEK stock opened at $34.72 on Friday. The stock's fifty day simple moving average is $35.24 and its 200 day simple moving average is $31.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 22.30 and a beta of 0.95. Tetra Tech has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. 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. On average, analysts expect that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTEK. Amundi grew its holdings in Tetra Tech by 7.4% during the 2nd quarter. Amundi now owns 5,098,519 shares of the industrial products company's stock worth $147,264,000 after acquiring an additional 349,272 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company's stock valued at $114,128,000 after acquiring an additional 112,560 shares in the last quarter. First Trust Advisors LP increased its position in Tetra Tech by 47.6% in the 1st quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company's stock valued at $73,658,000 after acquiring an additional 788,491 shares in the last quarter. Energy Income Partners LLC bought a new position in shares of Tetra Tech in the second quarter worth about $68,512,000. Finally, Bank of America Corp DE bought a new position in shares of Tetra Tech in the second quarter worth about $57,135,000. 93.89% of the stock is owned by institutional investors.

About Tetra Tech

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.

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