KeyCorp Issues Positive Forecast for Tetra Tech (NASDAQ:TTEK) Stock Price

Tetra Tech (NASDAQ:TTEK) had its price objective boosted by KeyCorp from $41.00 to $42.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the industrial products company’s stock.

A number of other analysts have also recently commented on TTEK. Wall Street Zen cut shares of 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. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Finally, Robert W. Baird upped their price objective on Tetra Tech from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and an average price target of $40.25.

Tetra Tech Stock Performance

Shares of TTEK opened at $38.83 on Friday. The firm has a market capitalization of $9.94 billion, a P/E ratio of 24.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.18. Tetra Tech has a one year low of $25.81 and a one year high of $43.14. The business has a fifty day moving average of $36.06 and a 200 day moving average of $33.27.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 11th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Tetra Tech had a return on equity of 22.37% and a net margin of 8.67%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. As a group, sell-side analysts anticipate that Tetra Tech will post 1.74 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Wednesday, December 2nd will be paid a $0.0720 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 2nd. Tetra Tech’s dividend payout ratio is presently 17.16%.

Hedge Funds Weigh In On Tetra Tech

A number of hedge funds have recently made changes to their positions in the business. Energy Income Partners LLC bought a new position in Tetra Tech during the second quarter valued at $68,512,000. Bank of America Corp DE bought a new stake in shares of Tetra Tech during the second quarter worth $57,135,000. Corient Private Wealth LP bought a new stake in shares of Tetra Tech during the second quarter worth $44,964,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Tetra Tech during the second quarter worth $43,750,380. Finally, Legal & General Group Plc purchased a new stake in shares of Tetra Tech during the second quarter valued at $27,327,000. Institutional investors own 93.89% of the company’s stock.

Trending Headlines about Tetra Tech

These are some of the TTEK headlines that stood out recently:

• Positive Sentiment: Tetra Tech reported fourth-quarter adjusted EPS of $0.49, above the $0.47 consensus and up from $0.45 a year earlier. Net revenue rose 5% year over year to $1.15 billion, with reports indicating results beat or met estimates. Shares rallied after the release. Benzinga report on the earnings-driven move
• Positive Sentiment: Funded backlog reached $4.67 billion, while new orders exceeded $1.6 billion—indicators of future project revenue and demand. Coverage also highlighted water projects and stronger cash flow as growth supports. Benzinga backlog report
• Positive Sentiment: KeyCorp raised its price target to $42 from $41 and maintained an Overweight rating. Baird also lifted its target, to $40 from $37, while keeping a Neutral rating. KeyCorp rating update

Tetra Tech Company Profile

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.