Teradyne Receives Average Rating of “Buy” from Analysts (NYSE:TER)
Teradyne (NYSE:TER) has been given a consensus recommendation of “Buy” by the twelve analysts that are presently covering the stock, AR Network reports. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $22.05.
A number of research firms have recently commented on TER. Analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday, June 5th. They now have a $19.00 price target on the stock. Separately, analysts at Craig Hallum upgraded shares of Teradyne from a “hold” rating to a “buy” rating in a research note on Wednesday, June 4th. They now have a $25.00 price target on the stock, up previously from $19.00. Finally, analysts at Sidoti upgraded shares of Teradyne from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 29th.
In other Teradyne news, Director Michael A. Bradley sold 30,640 shares of Teradyne stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $18.62, for a total transaction of $570,516.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Teradyne (NYSE:TER) traded down 0.42% on Thursday, hitting $19.14. 150,078 shares of the company’s stock traded hands. Teradyne has a one year low of $15.22 and a one year high of $20.72. The stock’s 50-day moving average is $18.05 and its 200-day moving average is $18.56. The company has a market cap of $3.718 billion and a P/E ratio of 28.56.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, April 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $321.01 million for the quarter, compared to the consensus estimate of $314.57 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Teradyne will post $1.22 earnings per share for the current fiscal year.
Teradyne, Inc (NYSE:TER) is a supplier of automatic test equipment.
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