TTM Tech (NASDAQ:TTMI) Price Target & New Coverage by SunTrust
Research professionals at SunTrust began coverage on Ttm Tech (NASDAQ:TTMI) with “Buy” rating. The PT for TTMI is exactly $20.0. It would indicate a potential upside of 26.74 % from firm’s current stock price.
The new coverage is well-received by equity trades, as NASDAQ:TTMI is now trading 8.46% higher at $17.06 as of 12:03 PM New York time. TTM Tech shares have [From2] 0% over the past 200 days, while the Standard & Poor’s 500 index has added 6.00% during the same time period.
Paradigm Capital Management Inc Ny had the largest stake with ownership of 2.41M shares as of Q2 2015 for 2.89% of the long stock exposure. Ironwood Investment Management Llc is another notably bullish investment manager who is having 170,320 shares of TTM Tech or 1.5% of their long stock exposure. Further, Campbell & Co Investment Adviser Llc have 1.15% of their long stock exposure invested in the company for 37,254 shares. The Michigan-based fund New Century Investment Management Inc disclosed it had acquired a stake worth about 1.1% of the investment manager’s stock portfolio in TTM Tech. The California-based fund Eam Investors Llc is also positive about the stock, possessing 109,816 shares or 0.54% of their long stock exposure.
TTM Tech (NASDAQ:TTMI) Profile
TTM Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
TTM Tech (NASDAQ:TTMI) traded up 8.46% on 14 December, hitting $17.06. A total of 3.33 million shares of the company’s stock traded hands. This is up from average of 1.32 million shares. TTM Tech has a 52 week low of $6.22 and a 52 week high of $17.86. The company has a market cap of $1.69 billion and a P/E ratio of 67.27.
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The post SunTrust Initiates Coverage on TTM Tech (NASDAQ:TTMI) Stock with “Buy” Rating and $20.0 Target appeared first on Octafinance.