TTM Technologies (NASDAQ:TTMI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a $8.80 target price on the stock. Zacks‘ price target suggests a potential upside of 12.10% from the stock’s previous close.
TTM Technologies (NASDAQ:TTMI) traded down 1.66% on Monday, hitting $7.72. 510,880 shares of the company’s stock traded hands. TTM Technologies has a 1-year low of $6.53 and a 1-year high of $10.91. The stock has a 50-day moving average of $8.25 and a 200-day moving average of $9.16. The company has a market cap of $638.1 million and a price-to-earnings ratio of 30.19.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.22 by $0.05. The company had revenue of $366.10 million for the quarter, compared to the consensus estimate of $362.27 million. During the same quarter last year, the company posted $0.26 earnings per share. TTM Technologies’s revenue was down 4.1% compared to the same quarter last year. On average, analysts predict that TTM Technologies will post $0.71 earnings per share for the current fiscal year.
Separately, analysts at Longbow Research downgraded shares of TTM Technologies from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.95.
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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