TTM Technologies Upgraded by Zacks to “Outperform” (TTMI)

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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.

To view Zacks’ full report, visit www.zacks.com

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