Tetra Tech (NASDAQ:TTEK) Stock Gets Price Target Cut from Royal Bank Of Canada

Tetra Tech (NASDAQ:TTEK) had its price target cut by research analysts at Royal Bank Of Canada from $46.00 to $44.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 27.16% from the company’s previous close.

A number of other research firms have also recently weighed in on TTEK. National Bank Financial reduced their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research note on Thursday, July 30th. KeyCorp reaffirmed an “overweight” rating and set a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a research report on Thursday. Finally, Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK traded up $0.99 during midday trading on Thursday, reaching $34.60. 328,558 shares of the stock were exchanged, compared to its average volume of 2,944,575. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 20.78 and a beta of 0.95. The firm has a 50-day simple moving average of $35.26 and a two-hundred day simple moving average of $31.82. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business posted $0.43 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. 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, analysts anticipate that Tetra Tech will post 1.58 EPS for the current fiscal year.

Institutional Trading of Tetra Tech

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Tetra Tech during the 2nd quarter worth about $2,226,000. Hsbc Holdings PLC increased its holdings in shares of Tetra Tech by 45.9% in the 2nd quarter. Hsbc Holdings PLC now owns 628,625 shares of the industrial products company’s stock valued at $17,955,000 after acquiring an additional 197,653 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in shares of Tetra Tech during the 2nd quarter worth about $43,750,380. Corient Private Wealth LP raised its position in shares of Tetra Tech by 11.8% during the 2nd quarter. Corient Private Wealth LP now owns 1,554,196 shares of the industrial products company’s stock worth $44,901,000 after acquiring an additional 164,373 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Tetra Tech by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after acquiring an additional 112,560 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.