A Glimpse Into The Expert Outlook On TTM Technologies Through 4 Analysts
4 analysts have expressed a variety of opinions on TTM Technologies (NASDAQ:TTMI) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 0 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for TTM Technologies, presenting an average target of $33.5, a high estimate of $35.00, and a low estimate of $33.00. Witnessing a positive shift, the current average has risen by 4.69% from the previous average price target of $32.00.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of TTM Technologies among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Ricchiuti | Needham | Raises | Buy | $35.00 | $33.00 |
| James Ricchiuti | Needham | Maintains | Buy | $33.00 | $33.00 |
| Ruben Roy | Stifel | Announces | Buy | $33.00 | - |
| James Ricchiuti | Needham | Raises | Buy | $33.00 | $30.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to TTM Technologies. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of TTM Technologies compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of TTM Technologies's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of TTM Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on TTM Technologies analyst ratings.
All You Need to Know About TTM Technologies
TTM Technologies Inc manufactures technology solutions, including mission systems, radio frequency (RF) components/RF microwave/microelectronic assemblies, quick-turn and technologically printed circuit boards (PCB). The company is based in the United States and derives roughly half of its revenue domestically. It organizes itself into two segments: printed circuit boards and RF&S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.
Financial Insights: TTM Technologies
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3M period, TTM Technologies showcased positive performance, achieving a revenue growth rate of 14.4% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: TTM Technologies's net margin is impressive, surpassing industry averages. With a net margin of 0.79%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): TTM Technologies's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.33%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.15%, the company showcases effective utilization of assets.
Debt Management: TTM Technologies's debt-to-equity ratio stands notably higher than the industry average, reaching 0.65. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.