Tetra Tech (NASDAQ:TTEK) Stock Price Target Raised at Robert W. Baird

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

TTEK has been the topic of a number of other reports. 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, October 15th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Royal Bank Of Canada cut their price objective on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.60.

Tetra Tech Price Performance

NASDAQ TTEK opened at $37.61 on Thursday. The company has a market capitalization of $9.63 billion, a PE ratio of 22.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average is $35.94 and its 200 day moving average is $33.25. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Thursday, November 12th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%. Tetra Tech’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. Sell-side analysts predict that Tetra Tech will post 1.58 earnings per share for the current year.

Institutional Trading of Tetra Tech

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Northwestern Mutual Wealth Management Co. lifted its position in Tetra Tech by 2.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock worth $414,000 after buying an additional 285 shares during the last quarter. Rathbones Group PLC increased its position in Tetra Tech by 3.8% during the third quarter. Rathbones Group PLC now owns 8,565 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 315 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Tetra Tech by 16.5% in the third quarter. Parallel Advisors LLC now owns 2,285 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 323 shares during the period. Allworth Financial LP raised its stake in shares of Tetra Tech by 7.9% in the third quarter. Allworth Financial LP now owns 6,090 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 445 shares during the period. Finally, Abacus Wealth Partners LLC lifted its holdings in shares of Tetra Tech by 6.2% in the 3rd quarter. Abacus Wealth Partners LLC now owns 9,987 shares of the industrial products company’s stock worth $329,000 after acquiring an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Top Tetra Tech Stories

Investors following TTEK have been watching these stories:

• 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

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.