In a report released today, Richard Eastman from Robert W. Baird maintained a Buy rating on Teradyne (NYSE: TER), with a price target of $44. The company’s shares closed yesterday at $34, close to its 52-week low of $32.06.
According to TipRanks.com, Eastman is a 4-star analyst with an average return of 17.2% and a 76.8% success rate. Eastman covers the Consumer Goods sector, focusing on stocks such as MSA Safety Incorporated, Keysight Technologies, and Faro Technologies.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $44.
Based on Teradyne’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $101 million. In comparison, last year the company had a net profit of $103 million.
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Teradyne, Inc. engages in the supply of automation equipment for test and industrial applications. It operates through the following segments: Semiconductor Test, System Test, Wireless Test, and Industrial Automation.