TTM Technologies (TTMI) Given Consensus Recommendation of “Buy” by Brokerages
TTM Technologies (NASDAQ:TTMI) has earned an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.80.
TTMI has been the subject of several analyst reports. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th. BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, March 29th. ValuEngine downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus upped their target price on TTM Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 25th. Finally, Deutsche Bank began coverage on TTM Technologies in a research report on Thursday. They issued a “hold” rating and a $19.00 target price for the company.
In related news, COO Brian W. Barber sold 8,263 shares of the stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $19.00, for a total value of $156,997.00. Following the completion of the transaction, the chief operating officer now owns 78,783 shares of the company’s stock, valued at $1,496,877. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 9,343 shares of company stock valued at $175,901 in the last three months. 10.10% of the stock is currently owned by company insiders.
Shares of TTM Technologies traded down $0.51, hitting $18.79, on Thursday, according to Marketbeat.com. The company had a trading volume of 53,494 shares, compared to its average volume of 900,370. TTM Technologies has a 12-month low of $12.76 and a 12-month high of $19.62. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.84 and a quick ratio of 1.72. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.08 and a beta of 1.81.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. TTM Technologies had a return on equity of 10.32% and a net margin of 3.76%. The company had revenue of $663.58 million during the quarter, compared to the consensus estimate of $638.80 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. research analysts expect that TTM Technologies will post 1.09 EPS for the current fiscal year.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.