Teledyne Technologies Inc. Sets New 1-Year High at $87.23 (TDY)
Teledyne Technologies (NYSE:TDY) set a new 52-week high during mid-day trading on Friday, StockRatingsNetwork reports. The stock traded as high as $87.23 and last traded at $87.17, with a volume of 94,599 shares. The stock had previously closed at $85.70.
TDY has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Teledyne Technologies from $75.00 to $85.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. Analysts at Needham & Company raised their price target on shares of Teledyne Technologies from $82.00 to $90.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock.
Teledyne Technologies has a 52 week low of $59.61 and a 52 week high of $87.23. The stock’s 50-day moving average is $82.76 and its 200-day moving average is $79.04. The company has a market cap of $3.263 billion and a price-to-earnings ratio of 18.75.
Teledyne Technologies (NYSE:TDY) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.07 by $0.06. The company had revenue of $601.00 million for the quarter, compared to the consensus estimate of $574.96 million. During the same quarter last year, the company posted $1.06 earnings per share. Teledyne Technologies’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that Teledyne Technologies will post $4.55 earnings per share for the current fiscal year.
Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.
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