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

Tetra Tech (NASDAQ:TTEK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

TTEK has been the topic of several other research reports. National Bank Financial reduced their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Robert W. Baird set a $37.00 price objective on Tetra Tech in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada reduced their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $33.91 on Friday. The stock’s 50-day moving average is $35.03 and its 200-day moving average is $31.67. Tetra Tech has a 1-year low of $25.81 and a 1-year high of $43.14. 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 market cap of $8.68 billion, a P/E ratio of 20.43 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.43 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Tetra Tech

Several institutional investors have recently made changes to their positions in the stock. OP Asset Management Ltd acquired a new position in Tetra Tech during the 1st quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Tetra Tech during the first quarter worth approximately $35,000. Rothschild Investment LLC grew its position in Tetra Tech by 1,243.0% in the 4th quarter. Rothschild Investment LLC now owns 1,907 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 1,765 shares during the period. Globeflex Capital L P acquired a new position in Tetra Tech during the second quarter worth $72,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Tetra Tech by 101.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the industrial products company’s stock valued at $99,000 after buying an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

About Tetra Tech

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.