Teradyne Given Consensus Rating of “Buy” by Analysts (NYSE:TER)
Shares of Teradyne (NYSE:TER) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, AnalystRatings.NET reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $22.05.
TER has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Teradyne in a research note on Friday. They now have a $19.50 price target on the stock, up previously from $19.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note on Thursday. They now have a $20.00 price target on the stock. Finally, analysts at Susquehanna raised their price target on shares of Teradyne from $23.00 to $24.00 in a research note on Friday, June 27th. They now have a “positive” rating on the stock.
Shares of Teradyne (NYSE:TER) opened at 18.29 on Tuesday. Teradyne has a 52 week low of $15.22 and a 52 week high of $20.72. The stock’s 50-day moving average is $19.44 and its 200-day moving average is $19.08. The company has a market cap of $3.556 billion and a P/E ratio of 21.62. Teradyne also was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totalling 35,846,096 shares, a drop of 6.6% from the June 13th total of 38,398,639 shares. Based on an average daily volume of 2,304,445 shares, the days-to-cover ratio is presently 15.6 days. Currently, 18.6% of the shares of the stock are sold short.
Teradyne (NYSE:TER) last released its earnings data on Wednesday, July 23rd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.12. The company had revenue of $525.60 million for the quarter, compared to the consensus estimate of $479.51 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 22.5% 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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