Tetra Tech (NASDAQ:TTEK) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Tetra Tech from “buy” to “hold,” while other analysts issued mixed changes to price targets. Despite this, the overall analyst consensus remains “Moderate Buy,” with a $38.25 average price target.
• Tetra Tech shares opened at $37.00, with a market capitalization of approximately $9.47 billion and a 12-month trading range of $25.81 to $43.14.
• The company exceeded quarterly expectations with $0.42 in adjusted EPS versus a $0.40 estimate and revenue of $1.31 billion, though revenue declined 4.4% year over year. Institutional investors own approximately 93.89% of the stock.

Tetra Tech (NASDAQ:TTEK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on TTEK. Royal Bank Of Canada reduced their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 22nd. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings raised shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Finally, National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Stock Performance

Shares of TTEK opened at $37.00 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. The stock has a 50-day moving average price of $31.86 and a 200-day moving average price of $31.91. The company has a market cap of $9.47 billion, a PE ratio of 22.29 and a beta of 0.90. Tetra Tech has a 12-month low of $25.81 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm 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. As a group, equities analysts forecast that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tetra Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. Impax Asset Management Group plc bought a new position in shares of Tetra Tech during the fourth quarter valued at approximately $107,603,000. Systematic Financial Management LP grew its holdings in shares of Tetra Tech by 56.5% during the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company's stock valued at $9,618,000 after buying an additional 103,582 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Tetra Tech by 8.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company's stock valued at $33,293,000 after buying an additional 74,530 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Tetra Tech by 69.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company's stock valued at $7,275,000 after acquiring an additional 88,745 shares in the last quarter. Finally, Nicola Wealth Management LTD. bought a new stake in shares of Tetra Tech during the fourth quarter valued at approximately $12,242,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Company Profile

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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