TTM Technologies Receives Average Rating of “Hold” from Analysts (NASDAQ:TTMI)
TTM Technologies (NASDAQ:TTMI) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, ARN reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.84.
Separately, analysts at JPMorgan Chase & Co. downgraded shares of TTM Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $9.00 price target on the stock, down previously from $10.00.
Shares of TTM Technologies (NASDAQ:TTMI) opened at 7.50 on Friday. TTM Technologies has a 52 week low of $7.24 and a 52 week high of $10.91. The stock has a 50-day moving average of $8.00 and a 200-day moving average of $7.97. The company’s market cap is $625.0 million.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, July 30th. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.09 earnings per share. TTM Technologies’s revenue was down 12.0% compared to the same quarter last year. Analysts expect that TTM Technologies will post $0.46 EPS 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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