Share on StockTwits

TTM Technologies (NASDAQ:TTMI) was upgraded by equities researchers at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, reports. The firm currently has a $10.00 target price on the stock. Stifel Nicolaus’ price objective points to a potential upside of 30.72% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Needham & Company LLC reiterated a “” rating on shares of TTM Technologies in a research note on Friday. They now have a $10.00 price target on the stock. Separately, analysts at Zacks downgraded shares of TTM Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $9.20 price target on the stock. Finally, analysts at Zacks upgraded shares of TTM Technologies from a “neutral” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $8.80 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $10.24.

Shares of TTM Technologies (NASDAQ:TTMI) traded up 2.14% during mid-day trading on Monday, hitting $7.65. 981,144 shares of the company’s stock traded hands. TTM Technologies has a 1-year low of $6.53 and a 1-year high of $10.91. The stock has a 50-day moving average of $8. and a 200-day moving average of $8.68. The company has a market cap of $632.4 million and a P/E ratio of 28.81.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.05. The company had revenue of $366.10 million for the quarter, compared to the consensus estimate of $362.27 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts predict that TTM Technologies will post $0.64 earnings per share for the current fiscal year.

TTM Technologies, Inc (NASDAQ:TTMI) is a provider of time-critical and technologically complex printed circuit board (PCB) products and backplane assemblies (PCBs populated with electronic components), which serves as the foundation of sophisticated electronic products.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.