A Sweet Surprise From Teradyne, Inc. (TER), Cummins Inc. (CMI)

Over the past 52 weeks Teradyne, Inc. (NASDAQ:TER) has embarked on a drop that has seen it decline -27% and is now up by 3.03% since start of this year. The equity price rose 3.95% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that the stock has recorded a -1.91% fall over the past 30 days. Its equity price dipped by -0.37% over the past three months which led to its overall six-month decrease to stand at -18.67%.

The shares of Teradyne, Inc. (TER) dropped by -36.21% or -$18.35 from its last recorded high of $50.68 which it attained on March 13 to close at $32.33 per share. Over the past 52 weeks, the shares of Teradyne, Inc. has been trading as low as $28.73 before witnessing a massive surge by 12.53% or $3.6. This price movement has led to the TER stock receiving more attention and has become one to watch out for. It jumped by 0.5% on Sunday and this got the market excited. The stock’s beta now stands at 1.36 and when compared to its 200-day moving average and its 50-day moving average, TER price stands -14.05% below and -3.78% below respectively. Its average daily volatility for this week is 3.41% which is less than the 3.9% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Teradyne, Inc. with most of them predicting a $38.6 price target on a short-term (12 months) basis. The average price target by the analysts will see a 19.39% rise in the stock and would lead to TER’s market cap to surge to $7.17B. The stock has been rated an average 2.6, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 13 analysts that track Teradyne, Inc. (NASDAQ:TER) and find out that 8 of them rated it as a Hold. 5 of the 5 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at TER technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.71 point. Its trading volume has lost -1465367 shares compared to readings over the past three months as it recently exchanged 1394633 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2860000 shares, and this is 0.49 times the normal volume.

Analysts have predicted a price target for Cummins Inc. (CMI) for 1 year and it stands at an average $155.24/share. This means that it would likely increase by 11.25% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $130. On the other hand, one analyst is super bullish about the price, setting a target as high as $188.

Analysts view Cummins Inc. (NYSE:CMI) as a Hold, with 2.7 consensus rating. Reuters surveyed 27 analysts that follow CMI and found that 17 of those analysts rated the stock as a Hold. The remaining 10 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Cummins Inc. (CMI) shares or sell it if they already own it.