Goldman Sachs Upgrades Teradyne to Buy (TER)

By admin | 6 years ago

Teradyne (NYSE: TER) was upgraded by investment analysts at Goldman Sachs (NYSE: GS) from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

Shares of Teradyne traded down 0.60% during mid-day trading on Wednesday, hitting $14.90. Teradyne has a 52 week low of $10.37 and a 52 week high of $18.01. The company has a market cap of $2.781 billion and a P/E ratio of 10.92.

Teradyne last announced its earnings results on Wednesday, April 25th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. Teradyne’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Teradyne will post $0.54 earnings per share next quarter.

A number of other firms have also recently commented on TER. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of Teradyne from $18.00 to $19.00 in a research note to investors on Sunday, April 29th. They now have a “neutral” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Teradyne from $20.00 to $21.00 in a research note to investors on Thursday, April 12nd. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Teradyne in a research note to investors on Monday, March 19th. They now have a $18.00 price target on the stock.

Teradyne, Inc. (Teradyne) is a global supplier of automatic test equipment. The Company designs, develops, manufactures and sells automatic test systems and solutions used to test complex electronics in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries.

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