TTM Technologies Stock Rating Upgraded by Stifel Nicolaus (TTMI)
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, TheFlyOnTheWall.com 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.
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