TTEC (NASDAQ:TTEC) Price Target Raised to $125.00

Last updated on Monday, April 19, 2021 | 2021 MarketBeat

TTEC (NASDAQ:TTEC) had its target price hoisted by equities research analysts at Canaccord Genuity from $110.00 to $125.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Canaccord Genuity's price objective would suggest a potential upside of 13.97% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of TTEC from a "hold" rating to a "buy" rating and set a $99.00 target price on the stock in a research report on Wednesday, March 3rd. Morgan Stanley lifted their price target on shares of TTEC from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 9th. Craig Hallum boosted their target price on shares of TTEC from $75.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, March 3rd. Northland Securities reaffirmed a "buy" rating on shares of TTEC in a research note on Friday, March 5th. Finally, Cowen downgraded TTEC from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $85.00 to $90.00 in a research report on Friday, March 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of "Buy" and a consensus target price of $90.86.

Shares of TTEC stock opened at $109.68 on Monday. The firm has a market capitalization of $5.14 billion, a PE ratio of 50.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.67. The firm's 50 day moving average is $95.09 and its 200 day moving average is $76.57. TTEC has a 1 year low of $34.03 and a 1 year high of $109.95.

TTEC (NASDAQ:TTEC) last posted its earnings results on Sunday, February 28th. The business services provider reported $1.22 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.71 by $0.51. TTEC had a net margin of 5.57% and a return on equity of 30.50%. The firm had revenue of $570.97 million for the quarter, compared to analyst estimates of $506.32 million. As a group, research analysts anticipate that TTEC will post 3 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in TTEC in the 4th quarter valued at $30,742,000. Westwood Management Corp IL purchased a new position in TTEC during the 4th quarter valued at about $10,867,000. Amundi Pioneer Asset Management Inc. boosted its holdings in TTEC by 92.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 218,230 shares of the business services provider's stock valued at $15,924,000 after acquiring an additional 104,615 shares during the period. BlackRock Inc. boosted its stake in shares of TTEC by 3.3% in the 4th quarter. BlackRock Inc. now owns 2,747,267 shares of the business services provider's stock valued at $200,359,000 after buying an additional 87,633 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of TTEC in the 4th quarter valued at about $3,824,000. 33.96% of the stock is owned by institutional investors and hedge funds.

TTEC Company Profile

TTEC Holdings, Inc, a customer experience technology and services company, focuses on the design, implementation, and delivery of transformative customer experience for various brands. It operates through TTEC Digital and TTEC Engage segments. The TTEC Digital segments designs, builds, and delivers tech-enabled customer experience solutions through its professional services and suite of technology offerings to enabling and accelerating digital transformation for clients.

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Analyst Recommendations for TTEC (NASDAQ:TTEC)

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