Royal Bank Of Canada Issues Pessimistic Forecast for Tetra Tech (NASDAQ:TTEK) Stock Price

Tetra Tech (NASDAQ:TTEK) had its target price reduced by equities research analysts at Royal Bank Of Canada from $48.00 to $43.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 39.56% from the stock’s previous close.

Several other equities analysts have also recently issued reports on TTEK. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. National Bank Financial cut their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Tetra Tech Price Performance

Shares of Tetra Tech stock traded up $0.30 during trading on Wednesday, hitting $30.81. The stock had a trading volume of 190,065 shares, compared to its average volume of 3,144,271. The business has a fifty day moving average of $28.68 and a two-hundred day moving average of $32.17. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market cap of $8.00 billion, a P/E ratio of 18.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $0.33 earnings per share. Tetra Tech’s revenue was down 7.7% compared to the same quarter last year. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. On average, sell-side analysts expect that Tetra Tech will post 1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Tetra Tech in the 4th quarter worth approximately $225,000. AQR Capital Management LLC lifted its holdings in shares of Tetra Tech by 451.6% in the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after purchasing an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Tetra Tech by 754.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,638 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.