Teledyne Technologies Given “Hold” Rating at Jefferies Group (TDY)
Teledyne Technologies (NYSE:TDY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group in a research note issued to investors on Friday. They currently have a $105.00 target price on the stock, up from their previous target price of $100.00. Jefferies Group’s target price would suggest a potential upside of 12.34% from the stock’s previous close.
Teledyne Technologies (NYSE:TDY) traded down 1.18% on Friday, hitting $93.47. 182,882 shares of the company’s stock traded hands. Teledyne Technologies has a 52 week low of $76.96 and a 52 week high of $102.40. The stock’s 50-day moving average is $96.58 and its 200-day moving average is $95.38. The company has a market cap of $3.508 billion and a P/E ratio of 18.92.
Teledyne Technologies (NYSE:TDY) last announced its earnings results on Thursday, July 24th. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.20. The company had revenue of $597.10 million for the quarter, compared to the consensus estimate of $606.42 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Analysts expect that Teledyne Technologies will post $5.26 EPS 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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