Tetra Tech, Inc. (NASDAQ:TTEK) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.00.

A number of research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Tetra Tech during the 2nd quarter worth $2,226,000. Hsbc Holdings PLC boosted its position in shares of Tetra Tech by 45.9% in the 2nd quarter. Hsbc Holdings PLC now owns 628,625 shares of the industrial products company’s stock worth $17,955,000 after buying an additional 197,653 shares in the last quarter. Neumeier Poma Investment Counsel LLC acquired a new stake in Tetra Tech in the 2nd quarter valued at about $43,750,380. Corient Private Wealth LP grew its stake in Tetra Tech by 11.8% in the 2nd quarter. Corient Private Wealth LP now owns 1,554,196 shares of the industrial products company’s stock valued at $44,901,000 after acquiring an additional 164,373 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock valued at $114,128,000 after acquiring an additional 112,560 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $41.09 on Thursday. The company’s 50 day simple moving average is $35.81 and its 200-day simple moving average is $33.23. The firm has a market cap of $10.52 billion, a PE ratio of 24.75 and a beta of 0.86. Tetra Tech has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

About Tetra Tech

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.

Tetra Tech serves clients in the United States and internationally.