Tetra Tech (NASDAQ:TTEK) Stock Gets Price Target Increase from Robert W. Baird

Tetra Tech (NASDAQ:TTEK) had its target price upped by stock analysts at Robert W. Baird from $37.00 to $40.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. Robert W. Baird‘s target price suggests a potential upside of 6.35% from the company’s current price.

Several other research firms also recently commented on TTEK. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. KeyCorp reaffirmed an “overweight” rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a report on Thursday, October 15th. Finally, Royal Bank Of Canada reduced their price target on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

Tetra Tech Stock Performance

TTEK stock opened at $37.61 on Thursday. The stock has a market capitalization of $9.63 billion, a PE ratio of 22.66 and a beta of 0.86. Tetra Tech has a 12-month low of $25.81 and a 12-month 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’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $33.25.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Thursday, November 12th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. As a group, research analysts forecast that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Rathbones Group PLC grew its stake in shares of Tetra Tech by 3.8% during the 3rd quarter. Rathbones Group PLC now owns 8,565 shares of the industrial products company’s stock valued at $282,000 after purchasing an additional 315 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Tetra Tech by 531.1% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,502 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 1,264 shares during the period. Whittier Trust Co. boosted its holdings in shares of Tetra Tech by 1,615.1% in the third quarter. Whittier Trust Co. now owns 32,844 shares of the industrial products company’s stock worth $1,095,000 after buying an additional 30,929 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Tetra Tech in the third quarter worth approximately $6,683,000. Finally, Edmond DE Rothschild Holding S.A. grew its position in Tetra Tech by 3.6% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 111,822 shares of the industrial products company’s stock valued at $3,685,000 after buying an additional 3,930 shares during the period. Institutional investors own 93.89% of the company’s stock.

More Tetra Tech News

Here’s some of the latest news about TTEK:

• Positive Sentiment: Fiscal 2027 guidance is broadly in line with analyst expectations: EPS of $1.65–$1.80 versus consensus of $1.72, and revenue of $4.4–$4.6 billion versus $4.5 billion expected. The earnings beat and guidance near estimates help explain the positive investor response. Fiscal Q4 results and fiscal 2027 outlook
• Positive Sentiment: The board declared a quarterly dividend of $0.072 per share, payable December 11 to shareholders of record December 2. The annualized dividend is about $0.29 per share. Quarterly dividend announcement
• Negative Sentiment: Near-term guidance is a modest watch point: first-quarter EPS guidance of $0.36–$0.38 tops out at the $0.38 consensus, while revenue guidance of $1.0–$1.1 billion reaches consensus only at the high end. Tetra Tech guidance

About Tetra Tech

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.