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

Tetra Tech (NASDAQ:TTEK) had its target price dropped by Royal Bank Of Canada from $48.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 40.66% from the stock’s current price.

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

Tetra Tech Stock Performance

Shares of TTEK opened at $30.57 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $28.85 and a two-hundred day simple moving average of $32.13. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 18.31 and a beta of 0.92. Tetra Tech has a 52 week low of $25.81 and a 52 week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. 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, analysts expect that Tetra Tech will post 1.54 EPS for the current year.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director directly 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Tetra Tech

Hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB grew its stake in Tetra Tech by 7.4% during the second quarter. Handelsbanken Fonder AB now owns 449,922 shares of the industrial products company’s stock valued at $12,998,000 after acquiring an additional 31,147 shares in the last quarter. Sarasin & Partners LLP lifted its stake in Tetra Tech by 8.4% in the 2nd quarter. Sarasin & Partners LLP now owns 472,902 shares of the industrial products company’s stock worth $13,662,000 after purchasing an additional 36,732 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Tetra Tech by 8.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 20,443 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 1,618 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Tetra Tech by 3.6% during the 1st quarter. Pacer Advisors Inc. now owns 72,043 shares of the industrial products company’s stock valued at $2,170,000 after purchasing an additional 2,490 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Tetra Tech by 171.4% during the first quarter. Glenmede Trust Co. NA now owns 19,088 shares of the industrial products company’s stock valued at $575,000 after purchasing an additional 12,054 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

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.