Vantiv PT Raised to $31.00 (VNTV)
Stock analysts at Credit Suisse upped their target price on shares of Vantiv (NYSE:VNTV) from $30.00 to $31.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would indicate a potential upside of 17.07% from the stock’s previous close.
Shares of Vantiv (NYSE:VNTV) traded up 0.19% during mid-day trading on Friday, hitting $26.48. Vantiv has a one year low of $18.85 and a one year high of $28.55. The stock’s 50-day moving average is currently $27.12. The company has a market cap of $3.637 billion and a P/E ratio of 32.04.
Vantiv (NYSE:VNTV) last released its earnings data on Thursday, July 25th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $296.90 million for the quarter, compared to the consensus estimate of $299.63 million. During the same quarter last year, the company posted $0.32 earnings per share. Vantiv’s revenue was up 14.0% compared to the same quarter last year. Analysts expect that Vantiv will post $1.58 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on VNTV. Analysts at Wells Fargo & Co. downgraded shares of Vantiv from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They noted that the move was a valuation call. Separately, analysts at UBS AG upgraded shares of Vantiv from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $30.00 price target on the stock, up previously from $28.00. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Vantiv in a research note to investors on Tuesday, July 23rd. They now have a $28.00 price target on the stock.
Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.33.
In other Vantiv news, Director Jeffrey E. Stiefler unloaded 8,200 shares of the stock on the open market in a transaction that occured on Thursday, July 18th. The stock was sold at an average price of $27.74, for a total transaction of $227,468.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
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