Tetra Tech (NASDAQ:TTEK) Upgraded at Northcoast Research

Tetra Tech (NASDAQ:TTEK) was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a $38.00 price target on the industrial products company’s stock. Northcoast Research’s price objective would suggest a potential upside of 17.10% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the company an “outperform” rating in a research report on Monday, September 29th. KeyCorp raised their target price on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. National Bank Financial initiated coverage on Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $32.45 on Thursday. The business’s 50-day simple moving average is $33.87 and its 200-day simple moving average is $35.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech has a 52 week low of $27.27 and a 52 week high of $48.30. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 40.56 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 earnings per share. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. As a group, equities research analysts expect that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tetra Tech

A number of hedge funds have recently modified their holdings of the stock. Bfsg LLC acquired a new stake in Tetra Tech in the 3rd quarter valued at $25,000. Financial Consulate Inc. acquired a new position in Tetra Tech in the third quarter valued at about $26,000. Baillie Gifford & Co. bought a new stake in Tetra Tech during the first quarter worth about $27,000. Root Financial Partners LLC acquired a new stake in shares of Tetra Tech during the third quarter worth approximately $30,000. Finally, MAI Capital Management raised its stake in shares of Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 344 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.