TTM Technologies Rating Increased to Outperform at Zacks (TTMI)

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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.

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

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