Analyst Ratings for TTM Technologies Inc. (TTMI)Updated: 2017-07-28
TTM Technologies Inc. (NASDAQ:TTMI) was awarded an average rating of Buy from investment analysts following the stock. A consensus rating of Buy was previously issued for TTMI last month.
4 analysts declared TTMI a buy, 0 issued an overweight rating, 0 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for TTMI. The most optimistic price target was 22, implying a possible profit of 16.22 percent. The most pessimistic analyst gave a price target of 18.5, implying potential capital losses of -2.27 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes 3.03 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 4.74 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
TTMI has an estimated earnings growth rate of 89.18 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. TTMI has a PEG ratio of 0.32.
TTMI has traded between a high of 19.54 and a low of 9.10 over the past year. Currently the stock is 108.02 percent higher than its low, and below the high by 3.12 percent. TTMI has a price/earnings ratio of 28.68. Investors typically compare the P/E ratio to a company's peers in the industry. The TTMI value stock report compares TTMI to some of its peers using value stock charts. The stock has a market capitalization of $1.97 billion. TTMI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.