Teradyne (NYSE: TER)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Monday, StockRatingsNetwork.com reports. They currently have a $24.00 price objective on the stock. Deutsche Bank’s target price would suggest a potential upside of 33.11% from the stock’s previous close.
Teradyne (NYSE: TER) traded down 0.61% on Monday, hitting $17.92. Teradyne has a 52-week low of $12.95 and a 52-week high of $18.57. The stock’s 50-day moving average is currently $16.47. The company has a market cap of $3.416 billion and a price-to-earnings ratio of 22.07.
Teradyne (NYSE: TER) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.05. The company had revenue of $280.37 million for the quarter, compared to the consensus estimate of $274.59 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 29.3% on a year-over-year basis. Teradyne has set its Q guidance at $0.12-0.20 EPS. Analysts expect that Teradyne will post $1.37 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Teradyne from $23.00 to $25.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Teradyne in a research note to investors on Wednesday, May 29th.
Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.00.
Teradyne, Inc. (NYSE: TER) is a global supplier of automatic test equipment.