TTM Technologies Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:TTMI)
Shares of TTM Technologies (NASDAQ:TTMI) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, AmericanBankingNews.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $10.24.
TTM Technologies (NASDAQ:TTMI) traded down 0.39% on Wednesday, hitting $7.60. The stock had a trading volume of 10,165 shares. TTM Technologies has a 52-week low of $7.24 and a 52-week high of $10.91. The stock’s 50-day moving average is $7.7 and its 200-day moving average is $8.2. The company has a market cap of $633.4 million and a price-to-earnings ratio of 50.87.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.01. The company had revenue of $291.90 million for the quarter, compared to the consensus estimate of $290.22 million. Analysts expect that TTM Technologies will post $0.53 EPS for the current fiscal year.
A number of research firms have recently commented on TTMI. Analysts at TheStreet downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th. Separately, analysts at Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $10.00 price target on the stock. Finally, analysts at Needham & Company LLC reiterated a “” rating on shares of TTM Technologies in a research note on Friday, April 11th. They now have a $10.00 price target on the stock.
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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