TTM Technologies (NASDAQ:TTMI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday, American Banking News reports. The firm currently has a $8.80 target price on the stock. Zacks‘ price objective suggests a potential upside of 8.51% from the company’s current price.
Separately, analysts at Longbow Research downgraded shares of TTM Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.95.
TTM Technologies (NASDAQ:TTMI) opened at 8.11 on Monday. TTM Technologies has a one year low of $6.53 and a one year high of $10.91. The stock’s 50-day moving average is $8.24 and its 200-day moving average is $9.14. The company has a market cap of $670.3 million and a P/E ratio of 31.19.
TTM Technologies (NASDAQ:TTMI) last announced its 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.
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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