Tetra Tech (NASDAQ:TTEK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Tetra Tech from “hold” to “buy,” contributing to an overall “Moderate Buy” consensus from analysts and an average price target of $38.25.
• Tetra Tech’s latest quarterly results exceeded expectations, with earnings per share of $0.42 versus a $0.40 estimate and revenue of $1.31 billion versus $1.08 billion expected. However, revenue declined 4.4% year over year.
• Institutional investors own approximately 93.89% of Tetra Tech’s stock, with several major funds increasing their positions.

Tetra Tech (NASDAQ:TTEK - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts have also issued research reports about the company. Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their target price on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Finally, National Bank Financial lowered 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Stock Up 0.8%

Shares of NASDAQ:TTEK opened at $33.91 on Friday. 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 12 month low of $25.81 and a 12 month high of $43.14. The company has a 50-day moving average price of $35.03 and a 200 day moving average price of $31.70. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 20.43 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm posted $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. As a group, equities research analysts predict that Tetra Tech will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Tetra Tech

A number of large investors have recently bought and sold shares of the business. Capital International Investors raised its stake in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company's stock worth $302,416,000 after buying an additional 1,936,902 shares in the last quarter. Geode Capital Management LLC boosted its position in Tetra Tech by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company's stock valued at $170,496,000 after acquiring an additional 52,375 shares in the last quarter. Amundi boosted its position in Tetra Tech by 7.4% during the 2nd quarter. Amundi now owns 5,098,519 shares of the industrial products company's stock valued at $147,264,000 after acquiring an additional 349,272 shares in the last quarter. Norges Bank purchased a new position in shares of Tetra Tech in the 4th quarter valued at $115,162,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Company Profile

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

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