TTM Technologies Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:TTMI)
Shares of TTM Technologies (NASDAQ:TTMI) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, American Banking News reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $9.84.
TTMI has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of TTM Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday. They now have a $9.00 price target on the stock, down previously from $10.00. Analysts at TheStreet downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 6th.
Shares of TTM Technologies (NASDAQ:TTMI) traded up 0.27% on Friday, hitting $7.53. The stock had a trading volume of 150,068 shares. TTM Technologies has a one year low of $7.24 and a one year high of $10.91. The stock has a 50-day moving average of $8.03 and a 200-day moving average of $7.99. The company’s market cap is $627.5 million.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 30th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.05. The company had revenue of $297.60 million for the quarter, compared to the consensus estimate of $300.11 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 12.0% on a year-over-year basis. On average, analysts predict that TTM Technologies will post $0.46 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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