Teledyne Technologies Incorporated (NYSE:TDY – Get Free Report) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $474.57.
TDY has been the subject of several research reports. Bank of America cut shares of Teledyne Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $490.00 to $400.00 in a report on Friday, April 26th. StockNews.com upgraded Teledyne Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. TD Cowen reduced their price objective on Teledyne Technologies from $475.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Needham & Company LLC raised their target price on Teledyne Technologies from $455.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research started coverage on shares of Teledyne Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $470.00 price target for the company.
Get Our Latest Stock Analysis on TDY
Hedge Funds Weigh In On Teledyne Technologies
Teledyne Technologies Stock Down 0.3 %
NYSE TDY traded down $1.14 during trading hours on Friday, reaching $409.04. 137,245 shares of the company’s stock traded hands, compared to its average volume of 253,153. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.98 and a quick ratio of 1.28. The firm has a 50-day simple moving average of $396.47 and a 200 day simple moving average of $407.68. Teledyne Technologies has a 52-week low of $355.41 and a 52-week high of $448.19. The firm has a market cap of $19.38 billion, a PE ratio of 22.12, a PEG ratio of 2.86 and a beta of 1.00.
Teledyne Technologies (NYSE:TDY – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.09. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Teledyne Technologies had a return on equity of 10.27% and a net margin of 15.86%. The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company earned $4.67 earnings per share. Sell-side analysts anticipate that Teledyne Technologies will post 19.37 EPS for the current fiscal year.
About Teledyne Technologies
Teledyne Technologies Incorporated, together with its subsidiaries, provides enabling technologies for industrial growth markets in the United States and internationally. Its Digital Imaging segment provides visible spectrum sensors and digital cameras; and infrared, ultraviolet, visible, and X-ray spectra; as well as micro electromechanical systems and semiconductors, including analog-to-digital and digital-to-analog converters.
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