Teradyne Price Target Raised to $25.00 at Credit Suisse (TER)

Share on StockTwits

Teradyne (NYSE: TER) had its price objective raised by Credit Suisse from $23.00 to $25.00 in a research report released on Monday morning, AnalystRatingsNetwork reports. Credit Suisse currently has an outperform rating on the stock.

“We think the street views TER as an ex-growth cyclical stock, versus our belief that TER is returning to growth and is more likely to grow its earnings from $1.68 in CY12 to $2.50 by 2016 driven by the IoT cycle and wireless/HDD share gains. We are increasing our CY13 Rev/EPS estimates from $1.56bb/$1.18 to $1.66bb/$1.42. Our new TP of $25 (increased from $23) represents 12x of CY14 EPS adjusted for net cash.,” the firm’s analyst wrote.

Shares of Teradyne (NYSE: TER) traded down 1.29% during mid-day trading on Monday, hitting $17.57. Teradyne has a one year low of $12.95 and a one year high of $18.57. The stock’s 50-day moving average is currently $16.50. The company has a market cap of $3.350 billion and a P/E ratio of 21.79.

Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray reiterated an overweight rating on shares of Teradyne in a research note to investors on Wednesday, May 29th. Separately, analysts at Deutsche Bank reiterated a buy rating on shares of Teradyne in a research note to investors on Friday, April 26th. They now have a $24.00 price target on the stock. Finally, analysts at UBS AG upgraded shares of Teradyne from a neutral rating to a buy rating in a research note to investors on Friday, April 26th. They now have a $25.00 price target on the stock, up previously from $17.00.

Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $20.60.

Teradyne, Inc. (NYSE: TER) is a global supplier of automatic test equipment.

Latest News

Walmart Replaces Top Person in U.S. Business
Walmart Replaces Top Person in U.S. Business
Nokia Receives Boost from Handset Sale
Nokia Receives Boost from Handset Sale
Pepsi Sees Strong Results, Increases Outlook
Pepsi Sees Strong Results, Increases Outlook
Profits at Netflix Jump to $71 Million
Profits at Netflix Jump to $71 Million
McDonald’s and KFC Sold Expired Meat by China Supplier
McDonald’s and KFC Sold Expired Meat by China Supplier
Profit at Capital One Beats Estimate
Profit at Capital One Beats Estimate


Leave a Reply

 
 
© 2006-2014 Ticker Report. Google+.