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

Key Points

• Tetra Tech's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating increased investor confidence.
• The company has received mixed ratings from analysts, with three recommending "buy" and four advising "hold," and an average price target of $41.00.
• Tetra Tech reported earnings of $0.43 per share, exceeding analysts' expectations and showing a year-over-year revenue increase of 1.9%.

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

Other analysts also recently issued reports about the company. National Bank Financial started coverage on Tetra Tech in a report on Wednesday, October 8th. They set an "outperform" rating and a $41.00 price target for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Tech in a report on Friday. Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the company an "outperform" rating in a report on Monday, September 29th. KeyCorp boosted their target price on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Tetra Tech currently has a consensus rating of "Hold" and an average target price of $41.00.

Tetra Tech Stock Up 0.1%

Shares of NASDAQ TTEK opened at $33.78 on Friday. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $34.93 and a two-hundred day moving average of $34.83. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, analysts forecast that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares of the company's stock, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tetra Tech

A number of large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock valued at $541,000 after acquiring an additional 5,275 shares in the last quarter. FORA Capital LLC purchased a new stake in Tetra Tech in the 1st quarter valued at approximately $442,000. Summit Trail Advisors LLC acquired a new position in Tetra Tech during the 1st quarter worth approximately $590,000. Catalyst Capital Advisors LLC increased its position in Tetra Tech by 16.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock worth $2,134,000 after purchasing an additional 10,159 shares during the period. Finally, M&T Bank Corp increased its position in Tetra Tech by 69.6% during the 1st quarter. M&T Bank Corp now owns 39,212 shares of the industrial products company's stock worth $1,147,000 after purchasing an additional 16,093 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 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.

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