Deutsche Bank Reiterates Buy Rating for Teradyne (TER)

Share on StockTwits

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.

Latest News

Manufacturing from China to Europe Slows
Manufacturing from China to Europe Slows
Dick’s Sporting Goods Profit Drops by 17%
Dick’s Sporting Goods Profit Drops by 17%
Microsoft Yanks Windows Update for August After Crashes Reported
Microsoft Yanks Windows Update for August After Crashes Reported
Moms Organization Wants Gun Ban in Kroger
Moms Organization Wants Gun Ban in Kroger
IBM Server Sale Approved by Regulators
IBM Server Sale Approved by Regulators
Shareholders at Chiquita Called to Start Proxy Battle
Shareholders at Chiquita Called to Start Proxy Battle


Leave a Reply

 
 
© 2006-2014 Ticker Report. Google+.